This latest ruling is an important step in helping all veterans gain access to affordable housing. We are proud to begin offering mortgage financing to couples covered by these important civil rights advancements.
San Diego, CA (PRWEB) September 17, 2013
VA Home Loan Centers, a privately held network of government loan specialists, announced today that it will begin offering VA (Veterans Administration) Guaranteed mortgage financing to married same sex couples. This announcement comes as a result of a recent ruling by a federal judge in California to extend spousal benefits to a married same-sex couple that had previously been reserved for veterans in opposite sex marriages. The federal ruling was made in light of the earlier U.S. Supreme Court ruling that the federal Defense of Marriage Act (DOMA) discriminates against same-sex couples and that the federal government must treat all married couples equally. The federal court's decision paves the way for veterans in same-sex marriages to receive benefits in any state that recognizes same-sex marriages.
One of the most popular Veterans programs is the home loan guarantee. The VA Home Loan Guarantee provides veterans with a number of advantages when compared to other mortgages including lower interest rates and zero down payment up to the county maximum. The program can be used to build a home, buy a condo, make repairs or home improvements, refinance an existing mortgage, or install energy-efficient home improvements.
According to Timothy Nash, Head Counsel of VA Home Loan Centers, "This latest ruling is an important step in helping all veterans gain access to affordable housing. We are proud to be the first military mortgage provider to begin offering mortgage financing to couples covered by these important civil rights and equal opportunity advancements."
Prior to the recent court decision, only the veteran or active duty service-member was eligible to apply for a VA Loan. Same sex couples could only apply for a VA loan if they both had the benefit or were both in the military. The new ruling applies only to married couples and does not extend benefits to those in domestic partnerships.
About VA Home Loan Centers (https://www.vahomeloancenters.org):
VA Home Loan Centers is a qualified lender of mortgage loans to United States veterans. VA loans help Veterans, active and former duty military achieve home ownership. VA loans are available in 15-year and 30-year fixed mortgages. VA-eligible borrowers who apply through VA Home Loan Centers may qualify for a rebate of up to 2.75% of the loan amount. VA Home Loan Centers assists with military short sales, purchase assistance and loan application processing. VA Home Loan Centers offers higher debt ratios as well as the no money down / no closing costs option (VA no-no). The loan program requires no mortgage insurance premiums, no prepayment penalties and offers low interest rates.
Call 888-573-4496 to learn more about the program or click here to access the application.