Seattle, Olympia, Kennewick, Washington (PRWEB) August 20, 2012
Washington State veterans express their gratitude toward VA home loan professionals from Security America Mortgage, who recently launched a VA mortgage, VA refinance, and VA relocation resource specific website.
In the effort to help military service men, women, and families obtain their rightfully deserved entitlement to own a home using their VA home loan benefits, VA mortgage experts like those from Security America Mortgage make it their mission to provide services to veterans in a unique and sophisticated way.
Washington veterans and military affiliates looking for a VA approved lender can count on receiving more VA advantages when working with Security America Mortgage. "I've had the pleasure of working with Sebastian at Security America Mortgage...who was instrumental in making this loan happen in three weeks", says Marine Corp Veteran, Captain Jon Reistroffer.
Washington State VA home loan amounts traditionally cover larger mortgages than the national average. The majority of Washington homes purchased by veterans in 2012 were close to a mortgage around $629,000 dollars. 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 Washington. 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 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 Washington 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).
The VA Mortgage Process in Washington State is easy to follow when you work with NMLS experts who know exactly what to do, which steps you need to take, and the time frame to have all documents and inspections completed. The perks of financing a mortgage using a VA home loan 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.
For reliable VA mortgage and real estate resources in Washington State, Security America Mortgage frequently update their websites so that veterans can find a home and purhcase a home easily, with the best information available to them. Locating a VA lender in your area is the first step to owning a home quickly and getting the home loan services you deserve.