How a VA Loan Specialist Can Help You

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Presentation Description

VA Loans for Vets NMLS#184169 5050 North 40th Street, Ste 260 Phoenix, AZ 85018 602-908-5849 Jimmy Vercellino is one of the nation’s top VA Home Loan mortgage originators. A Marine veteran, he and his team work hard to help veterans take advantage of their VA loan benefit and become homeowners. From start to finish, they guide their clients through the process and make it as smooth and stress-free as possible. Visit the site at


Presentation Transcript

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Eligible U.S. veterans frequently rely on loans from the Department of Veterans Affairs "VA loans" to finance the purchase of their residences in the United States.

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This form of home financing is popular with military service members.

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Yet the process of completing a mortgage loan application sometimes appears daunting to prospective buyers. Consulting with an experienced VA loan specialist may help.

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First why do lenders real estate professionals and home buyers usually welcome VA loans as a method of financing a real estate purchase

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Obtaining this type of mortgage loan offers significant advantages: ■ Eligible veterans and active members of the military may obtain VA loans

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In some cases a buyer using a VA loan may acquire real estate with no down payment.

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Buyers do not need to pay money at the closing to obtain mortgage insurance when they use a VA loan. The Department of Veterans Affairs guarantees the financing.

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Home buyers using VA loans do not need to meet minimum credit score requirements.

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This often allows prospective home buyers with very poor credit to qualify for this specialized type of mortgage financing.

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Private lenders appreciate VA loans because they realize the Department of Veterans Affairs guarantees part of the financing. Provided everyone complies with VA loan requirements of course.

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If a home buyer CANNOT pay the mortgage at some point and the lender must take back the property the lender will receive at least partial reimbursement for the mortgage.

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Essentially the VA assumes much of the risk of extending financing not the bank.

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In recent years property values have risen significantly in many communities around the United States.

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Since a mortgage down payment typically represents a percentage of the purchase price of a residence paid up front by a home buyer the ability to rely on VA loan financing has become exceedingly valuable.

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For example a 20 down payment on a 50000 home requires a 10000 out-of-pocket payment by the home buyers.

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Yet when a house increases in value to 100000 prospective buyers must pay 20000 down simply to qualify for most conventional mortgage financing.

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With residential real estate in some cities now exceeding an average price of 250000 families frequently encounter difficulty raising money to make a down payment.

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The availability of VA loans greatly assists eligible veterans and active military personnel in becoming home owners.

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A capable VA loan specialist assists home buyers in determining whether they meet the eligibility requirements for VA loan financing.

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The specialist can also provide advice about gathering necessary documentation required to prepare a VA loan application.

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Complex rules apply in determining eligibility for these loans. However numerous veterans active duty military service people reservists and National Guard personnel potentially qualify.

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To explore ways to finance your dream of home ownership call 619-350-1951.

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Today obtaining VA loan financing helps many buyers become first-time home owners

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Mortgage Originator Jimmy Vercellino specializing in VA loans helps veterans use their VA loan benefit to their greatest advantage.

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Be a proud homeowner today. For more details call 619-350-1951 or visit our site

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First Choice Loan Services Inc. DBA FCLS in CA 959 South Coast Drive 490 Costa Mesa CA 92626 Phone: 619-350-1951

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