San Diego, CA (PRWEB) November 19, 2013
Blue Loan Services is a full service mortgage company that has been helping residents of California to find the best loan products and home loan rates for many years. The company, headed by the father and son team Robert and Brandon Blue, has been dedicated to serving its customers with honesty, integrity and competence. The Blue Loan Services team of mortgage professionals operates with the goal to provide home loans to its clients while providing them with the lowest wholesale interest rates and closing costs possible. The company’s recent addition of lenders specializing in VA loans now enables Blue Loan Services to provide these very beneficial loans to those who have served in the United States armed forces. The company’s fast online loan application and documentation system provides one of the fastest and easiest ways for service members in California to claim their VA loan benefits.
Both Robert and Brandon Blue are both proud veterans of the U.S. Army. As such, they understand the importance getting secure housing is for those who are serving, or have served, in the armed forces. VA loans ensure that those who have served their country will be able to find and finance good homes for themselves and for their families. Blue Loan Services explains on their website:
“The VA Loan began in 1944 through the original Servicemen’s Readjustment Act, also known as the GI Bill of Rights. The GI Bill was signed into law by President Franklin D. Roosevelt and provided veterans with a federally guaranteed home with no down payment. This feature was designed to provide housing and assistance for veterans and their families, and the dream of home ownership became a reality for millions of veterans. VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home, which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you or a later owner fails to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms.”
They also explain that some of the greatest benefits of these loans include:
- 100% financing, no down payment loans are common.
- No Private Mortgage Insurance (PMI).
- No penalties if you prepay the loan.
- Competitive interest rates.
- Loan qualification is sometimes easier than if you were applying for a conventional loan.
- Sellers can pay all closing costs.
Clearly those who can qualify for these loans will find that they are the best option. However, getting all the requirements, including the Certificate of Eligibility from the VA, may take some time. Fortunately, with Blue Loan Services team of experienced loan officers, and their new affiliated VA lenders, this process should be considerably easier for loan borrowers.
For more information on how Blue Loan Services can help California home loan borrowers get approved for their VA home purchase loan or refinance quickly, please visit BlueLoanServices.com or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.
CA Dept of Real Estate -- Licensed Broker #01094374 NMLS #938365