Home Loans for Veterans in Prairieville Louisiana
A Prairieville VA Home Loans is a mortgage loan that is backed by the United States Department of Veterans Affairs (VA). The VA loan was designed to offer long-term financing at competitive and negotiable interest rates to our American veterans who are currently serving or have served in the U.S. military. While the VA does not lend money for VA loans, it backs loans made by private lenders such as banks, savings and loans, or mortgage companies to veterans, active military personnel, and military spouses, who qualify for VA Home Loan programs
The Lowest Rates
Benefits of a VA Home Loan
The VA mortgage loan may be used for new construction, existing construction, or the remodelling of an existing home to be used for one’s personal occupancy.
NO Down Payment
Several advantages exist for qualified veterans, such as:
- No private mortgage insurance (PMI) requirement, which means lower costs
- No down payment as long as the sales price doesn’t exceed the appraised value
- The lender cannot charge a penalty fee if the loan is paid off early
- Closing costs may be paid by the seller
- A limited amount the borrower can be charged for closing costs
No Requirement for Mortgage Insurance:
The VA may be able to provide assistance to the borrower if they encounter difficulty in making mortgage payments
In the case of item #2, the down payment would simply be the difference between the sales priced and the appraisal value should the applicant still want the home. The VA loan is simple to understand and navigate through the terms for those who qualify!
So who is eligible for a VA Loan?
- Veterans (with Certificate of Eligibility)
- Active-duty personnel (with Certificate of Eligibility)
- Reserve members
- National Guard members
- Surviving spouses who have not remarried
Of course, these heroes must have served for a certain amount of time, depending on their active status, in order to qualify for VA home Loans in Prairieville.
Call The Lawrence Group at 225-289-1011
In most cases, qualified veterans can get a loan for up to $417,000 without any money down. However, that number can be much higher in counties where the cost of living is higher. For example, some counties in California have limits as high as $625,000. With limited closing costs on that sum of money and no down payment, an approved applicant can be on his or her way to owning a nice home.
Ask the people where you do your banking business if they are a qualified VA lender. If they are not, they will gladly direct you to an institution that is able to put you in the house of your dreams.
For all information and support on VA mortgage loans and types of mortgage including VA Home Loan programs. Call The Keith Lawrence Group of Keller Williams First Choice Realty.
In order to apply for VA Home Loans in Prairieville. You’ll need a copy of your DD214 from Veteran administration. Next, apply for a Prairieville VA home loan from one of preferred lenders. Lastly, you must have enough supporting income to get approved. Income includes current monthly obligations and the amount of the new monthly payment.
Why buy a Home with a Veteran in Prairieville LA
The Keith Lawrence Group consist of two former military members. While Keith Lawrence spent 11 years in the Navy, Angella Lawrence is a 25 year retired disabled Veteran herself. We have experience in working with and understanding the pearls of the military family and the VA Loan Process. Our lenders can help easing your anxieties when it comes to making a purchase. They know the ends and outs regarding eligibility concerns.
VA Home Loans in Prairieville are suited for military families with moderate to low income. This program provides you with loans at the lowest market rates with the most consumer protection. VA Home Loan Programs for veterans is a perfect choice.
Contact our expert sales agents now at 225-289-1011. In one quick call, we can guide you through the details of the VA Home Loan and other types of mortgage loans.
Benefits of a VA Home Loan
Military members are always on the move, Get a mortgage that moves with you. Whether you considering, Louisiana, Mississippi or Louisiana; the VA Home loan is acceptable everywhere. It is especially useful for first time home buyer in Prairieville, we can help!
VA Home Loans in Prairieville makes it possible for war veterans to purchase their dream house at the minimum rates along with other benefits which include:
Some cases no credit score is needed
- NO Credit Score Requirements:
With VA Home Loan Programs, There is no minimum benchmark for the credit score as compared to other conventional loan programs. However, a poor credit rating will disqualify you from purchasing a home. If you are unsure about your credit score, The Keith Lawrence Group is available to assist you.
Qualify for a VA Home Mortgage with a 600 Credit score.
- Absolutely NO Down Payment:
No money down means, Zero Down Payment or 100% financing through this program! Being a military officer or family member has advantages. With no money out of pocket, you can purchase a home and receive a full loan. The loan will be predicated on a few factors; like the purchase price and lender preference.
- No Requirement for Mortgage Insurance:
Mortgage insurance is a mortgage insurance policy taken out by the lending institution but paid for by the buyers to protect themselves in case of buyer default. While mortgage insurance is an essential component of all conventional loans, VA home loans are exempt from Private Mortgage Insurance. This Is one of the greatest features of the VA home loan program.
The Lowest Rates:
VA Home Loans in Prairieville offer some of the competitive home loans interest rates in Louisiana. However, the interest rate is dependent on one major factor: Your Credit Rating. Our professional real estate agents can assist you in finding the best rates possible.
Use your VA Home Loans AGAIN:
Did you know that the VA home loan eligibility last a lifetime. For this reason, you are able to use your VA Home Loans in Prairieville and purchase a home for your family back in North Carolina. This is particularly helpful for all Veterans and families who tend to transfer from station to station.
Relaxation of Loan Recovery actions:
Another great benefit of this type of loan is: Relax loan recovery restrictions or delayed legal action in case of default. This unique cath is only available using VA Home Loan Programs.
Why Use Your VA benefits to Buy a home?
By know, it should be a no-brainer. By far the VA Home Loan Programs is a superior loan. Since its inception, this mortgage program has helped millions realize their dream of homeownership. Our agents can help you find a house for sale in Prairieville LA.
- Military members and their families pay the lowest overhead costs as compared to other conventional loans.
- The VA Home Loan Programs also have relative flexibility as compared to the conventional loans if faced with bankruptcy.
If you are a service member of the armed forces or a military veteran spouse searching for the best Prairieville locations to buy your next home; we would love too help.
We will provide you with the highest service standards and address all your concerns regarding the VA home loans in Prairieville. Call us now at 225-289-1011.
See below for other Home Loans and Mortgage Programs
Call The Lawrence Group at 225-289-1011
The Keith Lawrence Realty Group, provide a full range of residential real-estate services to help you buy, sell, rent, or relocate to any of the cities listed below.
- Use our MLS search tool to find Prairieville LA properties for sale that may interest you
- Try our Mortgage Calculator to determine the affordability of a property.
- Get our Guide to Home Ownership and learn Tips for First Time Homebuyers.
- Learn Selling Tips to Homeowners when selling your Prairieville Home. Partner with a real estate professional.
- Keep up on the real estate news in Prairieville Louisiana.
We will happily assist you through the entire selling and home buying process. From searching to finding, negotiating and to giving you the keys to your perfect “Home”. Having a Keller Williams Realty Representative on your side, we will ensure you that you will be competent to make the most of your time, efforts and energy as well as your buying power! Contact us “The Lawrence Group – Your Prairieville Realtor Today”.