Miltary Veterans can now get a va loan in a little as one year after a short sale or foreclosure. VA Home loan offer some of the best rates and require very little or nothing down. va loan after short sale

Top Reasons To Get A VA Home Loan

The Federal Savings Bank explains why it’s advantageous to obtain a VA Home Loan.

Chicago, IL (PRWEB) August 02, 2013 With countless home financing options out there, The Federal Savings Bank informs its prospective veteran applicants that it’s important to understand and take advantage of the benefits involved with VA home loan. “Other loans simply cannot compete with a zero money down payment which is offered specifically with VA home loans” says Nick, a Bank at The Federal Savings Bank. Once a prospective homeowner establishes his or her VA home loan eligibility by obtaining a Certificate of Eligibility (COE), they can utilize a VA home loan to finance their home and reap the benefits that come with it. However, just because an individual has a COE, that does not guarantee that will be approved for a VA home loan. The “guaranty” refers to the Department of Veterans Affairs to repay the lender in full if the borrower defaults on the loan. Even though you don’t need perfect credit, a VA home loan still employs comprehensive underwriting to ensure a homeowner does not default. There are still VA mortgage guidelines that must be met in order to be approved for a mortgage. Top Reasons To Get A VA Home Loan | VA Loan After a Short Sale As the U.S. economy expands, so do the mortgage choices available to today's home buyers and refinancing households. For those meeting eligibility requirements, though, the optimal loan choice is often the VA loan. The VA ... 10 Common VA Loan Questions Asked By U.S. Home Buyers And ...