Houston, TX (PRWEB) August 21, 2012
Security America Mortgage Recently Attend a Wounded Warriors Event on Friday, April 27, 2012 in Houston, Texas to support Heroes on their journey to settle into a home using VA home loan benefits.
A common misconception is that the VA home loan limit is the only amount an eligible individual may qualify for when purchasing a home in Texas. However, the VA loan limit does not apply for entitled service members who choose to use a Jumbo VA home loan, which enables veterans to finance a home that costs more than $417,000 and as much as $1,000,000 dollars.
To calculate how much you need to payoff a mortgage is easy when VA mortgage calculators are made available online.
The first step in buying a home using a VA home loan begins with filling out the required VA forms; like the VA Certificate of Eligibility and DD214. These forms can be obtained much faster when using VA lenders who provide VA loan (NMLS specific) services.
You are eligible for VA Home Loan entitlement benefits in Texas if you are a military affiliated service member, and IF...
*You have had 90 days or more of active duty service during wartime
*You have had 181 days of active duty service during peacetime
*You received honorable discharge of service during your active duty time in USAF
*You are currently active duty personnel and you meet the above service requirements
*You are the surviving spouse of a Veteran who died during service or due to circumstances caused by service-related injuries (who has not remarried).
For reliable VA mortgage and real estate resources in Texas State, Security America Mortgage frequently update their websites so that veterans can find a home and purchase a home easily, with the best information available to them.
VA HOME LOAN BENEFITS IN TEXAS HAVE FINANCIAL PERKS WHICH INCLUDE...
*An equal opportunity for all qualified veterans to obtain a VA loan nationwide
*No down payment (unless required by the lender or the purchase price is more than the reasonable value of the property)
*Buyer informed of reasonable value
*Negotiable interest rates
*Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5% and exemption for veterans receiving va disability compensation)
*Closing costs that are comparable with other financing types (which may be lower)
*No mortgage insurance premiums
*Right to prepay without penalty
*For homes inspected by VA during construction, a warranty from builder and assistance from va to obtain cooperation of builder
*VA assistance to veteran borrowers in default due to temporary financial difficulty
Locating a VA lender in your area is the first step to owning a home quickly and getting the home loan services you deserve.