VA Home Loans

If you are a veteran then you should consider applying for a VA home loan. Our experts at Las Vegas Mortgage Lenders can help guide you through the application process. Our qualified professional loan officers will provide you with the necessary information needed to help you make a good decision. A VA loan is among the best lending options available to those who have been in the service because of its flexibility. Loans don’t get issued to veterans; they are pledged from Veterans Affairs that repay part of the loan that guarantees that they will pay off the loan if the homeowner defaults.
 
Benefits of A VA Loan
This gives VA-approved lenders protection that is a loan to someone who has served in the military. This often results in a veteran receiving more competitive offers than a non-veteran. The details of a VA loan can become rather complicated but this is not the case if you rely on our experienced loan officers. They will provide you with the necessary details to help you determine if it offers you the benefits you need. They will let you know what your rights are as a veteran who is applying for a VA Loan.
 
Are you Eligible
If you are a veteran then you have probably already been told that you are eligible for a VA loan if you are an activity duty service member or if you are a veteran. If you fall within the following categories, you are also eligible for a VA Loan:
 

• You have been in the Reserves or National Guard for a minimum of six years
• You are a spouse of someone who was killed in the line of duty
• You have served 181 days in active duty

 
If you still didn’t see where any of these applied to you, give our loan officers in Las Vegas a call and let them tell you for certain whether you qualify or not. It is better to know whether you should even apply for the loan or concentrate on another type of loan that gives you better approval chances.
 
How You Benefit from a VA Loan
A VA Loan doesn’t require the borrower to put down a down payment to buy a home. There are very few loans that will enable you to buy a home without a down payment of any type. This is one of the few exceptions. There are also less complicated underwriting procedures that have to be met with this type of loan than a conventional loan. That is why most veterans will try to get this type of loan before trying for a conventional loan. The VA loan doesn’t require private mortgage insurance. This is one of the expenses that many people appreciate, which is why so many will attempt to get this type of loan rather than any other type of loan. They offer the most competitive rates, and you can take advantage of the chance to receive help with closing costs from the seller.