VA Discounts, Benefits and Special Programs
VA Discounts, Benefits and Special Programs
VA Discounts, Benefits and Special Programs

 

Now is the Best Time to Use Your VA Loan


Dear Veteran,

The average 30-year fixed mortgage has fallen below 4% for the first time ever. Combined with the powerful benefits of a VA Loan, this is literally the opportunity of a lifetime. Don't miss this chance.

Search for Lenders that work with VA Loans and see what they can do for you.

Lock in a Low, Fixed Interest Rate
No Down Payment or PMI Required
Pay Off Credit Cards or a 2nd Mortgage
Roll Closing Costs into Your Loan

VA Loans are available to Active Duty Military, Veterans, and Retirees.
Use a VA Loan to buy a new home or refinance an existing loan.

The time is now: Find Lenders Ready to Help You.

 

 

ALL VA ELIGIBLE PARTICIPANTS INCLUDING:

~ACTIVE DUTY PERSONNEL~

~VETERANS~

~RESERVISTS/NATIONAL GUARD MEMBERS~

 ~SOME SURVIVING SPOUSES~

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  • IF YOU ARE SELLING YOUR HOME, HAVILAND REAL ESTATE IS OFFERING COMMISSION DISCOUNTS
  • *IF YOU ARE PURCHASING A HOME, HAVILAND REAL ESTATE IS OFFERING REBATES, SPECIAL INCENTIVES, ALONG WITH POSSIBLE SPECIAL IMPROVEMENT FINANCING

*INCENTIVES SUBJECT TO ALLOWABLE FAIR HOUSING AND RESPA GUIDELINES

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What is a VA Loan?


The VA Loan became known 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. The GI Bill contributed more than any other program in history to the welfare of veterans and their families, and to the growth of the nation's economy.

With more than 25.5 million veterans and service personnel eligible for VA financing, this loan is attractive and has many advantages. Eligibility for the VA loan is defined as Veterans who served on active duty and have a discharge other than dishonorable after a minimum of 90 days of service during wartime or a minimum of 181 continuous days during peacetime. There is a two-year requirement if the veteran enlisted and began service after September 7, 1980 or was an officer and began service after October 16, 1981. There is a six-year requirement for National guards and reservists with certain criteria and there are specific rules concerning the eligibility of surviving spouses.

VA will guarantee a maximum of 25 percent of a home loan amount up to $104,250, which limits the maximum loan amount to $417,000. Generally, the reasonable value of the property or the purchase price, whichever is less, plus the funding fee may be borrowed. All veterans must qualify, for they are not automatically eligible for the program.

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.