Chicago, IL (PRWEB) April 14, 2014
Peoples Home Equity is always ready to support its troops; the lender offers VA home loans to veterans, members of the military and widowed spouses of veterans. The advantage of veteran loan is that financing can be up to 100% of the prospective property value. This zero money down option is giving many Americans a much needed advantage to purchase a home when mortgage rates are rising and savings rates are low.
VA loans are available at either a fixed-rate or as ARM mortgages – and never include monthly insurance (PMI). Fixed rate veteran loans are available in the traditional 15 and 30 year forms as well as a 20 year option. Jumbo VA loans are also available up $1,094,625, and $1,500,000 in Alaska and Hawaii! A credit score of 640 or higher will qualify for a VA loan.
Veteran loans are also available for up $325,000 on a cash-out refinance. Again applicants can refinance up to 100% off their properties value. People Home Equity offers veterans a streamlined refinance program with a lowered funding fee and flexible documentation requirements which is available for veterans currently in a VA loan.
The benefit of choosing Peoples Home Equity for a VA home loan is that the lender closes most of its loans within 30 days. With home sales and mortgage rates on the rise, prospective applicants cannot afford to wait to apply.
If interested in securing a competitive, lower rate veteran mortgage, consider speaking with a Peoples Home Equity loan officer today at: (855)-897-0300.