76% of veterans not using their VA home loan eligibility to buy Maine real estate?
What’s with that, why not take full advantage of your VA benefits to buy a Maine home if you served?
Don’t listen to Dave Ramsey all wrong advice on VA home mortgage loans.
VA mortgage loans to buy a home in Maine provide veterans significant advantages.
Veterans home loans mean 100% financing. Not struggling sometimes years trying to save up a down payment. Which means renting and then renting some more when instead you could build equity.
Beside no down payment on a VA home loan in Maine, the veteran pays no private mortgage insurance (PMI). Translation, you save money going VA over FHA or conventional home mortgage loans.
The Maine home owner gets competitive interest rates on a VA mortgage loans.
Every savings helps in the dream to own a home in Maine.
Maine offers veterans the chance to blend house buying mortgage programs. If say you are a first time home buyer using a Maine state housing loan, why not blend it with the VA loan product. Get the best of both program discounts and closing cost assistance?
What else makes using a VA mortgage loan to buy a Maine home a smart idea?
Easier qualification because credit score requirements are more flexible. The VA eligibility to buy another Maine home is possible too. The VA home mortgage loan can be reused.
The other benefit is veterans can only be charged so much by law, there are limits to protect the veteran.
Maine State Housing (MSHA) programs like SaluteME and Salute Home Again offer a .50% additional discount on 30 year fix interest rate loans.
These same home loans provide $5,000 for down payment and closing cost assistance.
What type of home is catching your eye in the current inventory of what houses are for sale today?
Definitely, get pre approved for your house lending to see the best mortgage for your income and to match the Maine home you are hoping to buy.
Dave Ramsey needs to do his “home work” before telling veterans not to use their VA eligibility to buy a Maine home.
The SalueME and Salute Home Again Maine VA mortgage loans are excellent, sometimes superior alternatives to national VA loans. And if the Maine home buyer has service-connected disabilities, they may be exempt from a VA funding fee. Take advantage of your VA Maine home loan benefits veterans!
My Dad was a B-24 tail gunner in Europe in World War Two, my Uncle Fred served in the Pacific theatre in the same war.
Two of my brothers were Vietnam era veterans. I proud to help Maine home buyers tap into their service benefits.
Look into waived or reduced VA underwriting fees and title companies who over reduced rates for veterans.
Don’t be afraid to pursue a VA Maine home mortgage loan to start building equity in your own property.
The VA does not set a minimum credit score either for mortgage loans buying a home in Maine.
This makes it way way easier to qualify for a VA Maine home loan over other types. Even after a bankruptcy of foreclosure so don’t listen to Dave, look into VA home loans.
Matt Watkins at Bangor Savings Bank has helped me and my Maine veteran home buyers needing a loan get to a successful real estate closing. He is in the list of Maine mortgage lenders.
Tap the resources on our Maine real estate website for more helpful house buying hacks and local community information, videos, much more.
The VA home loan from a Maine bank is easier to get because Uncle Sam offers greater incentive guarantees to the lender.
The Maine town property tax bill can be lower using veteran exemptions too so looking into using all the benefits of your veteran service!
Like with all Maine home loan buyers, get pre approved first and for veterans, locate your VA form 26-1880 to request for a certificate of eligibility. Take the steps to get ready to buy your own home in Maine.
The requirements? Active duty or honorably discharged, the home in Maine must be for your personal residence. And showing Maine homes, I get asked what is a veteran, who qualifies?
Veterans are active duty, honorably discharged.
Can be National Guard / Reserve members who have six years of honorable service to get your VA backed mortgage loan for a Maine home. Or if released for a service related disability regardless of length served.
Local lenders for your VA or any home loan to buy Maine real estate.
It’s make sense to keep it home grown and local not far away expensive, complicated and wasting everyone’s time. Here to help you get established with a local Maine mortgage lender.
Not everyone served in the armed forces and some missed the mark for a historic conflict to earn their VA eligibility paperwork when discharged from the service.
But if you are a veteran, look into the blend of first time home buyer with the VA home loan endorsement to see how much you can save on your new house loan.
The local bank in Maine that pre-approves your loan will check your debt ratios, credit score and that you have been working the last two years etc down through the check list. The Veterans Administration backs the loan as your partner to get you out of the rent rut.
Check out the Veterans Administration website to learn more, to drill down into the benefits. Use your VA benefits over and over too.
Look over the benefits and consider is this the best route to take in financing your next property?
VA home loan mortgage benefits to buy your new Maine house could be the missing real estate puzzle piece solution.
I’m Maine REALTOR Andrew Mooers, ME Broker
207.532.6573 | info@mooersrealty.com |
MOOERS REALTY 69 North Street Houlton Maine 04730