Today’s home buyer has plenty of opportunities to find beautiful homes to meet their individual needs. There are numerous lending options available for you, too. If you are, or ever have been, a member of the Armed Forces for the United States, whether you are active duty or honorably discharged, you may qualify for a VA loan in Helena, MT. This loan may be one of the best options available because it provides you with easy access to the financing your needs at very affordable rates. Could it be right for you?
Key Features of the VA Loan
When you seek out a provider of a VA loan in Helena, MT and you have a letter from the VA saying you qualify, you will see the benefits this particular loan provides. First and foremost, you will likely qualify for a lower interest rate with this type of loan than any other, including an FHA loan. This is because the U.S. Department of Veterans Affairs backs up this type of loan. This means there is less risk to the lender. The lender, then, offers you a lower interest rate.
There are other benefits, too. For example, you do not have to have a down payment to obtain this loan. You can also finance all or nearly all of the value of the home with your loan. And, you may find your credit score does not have to be as high as other types of loans require.
If you are thinking about buying a home, and you are a veteran, choose a lender offering a VA loan in Helena, MT. When you do, you may find this is an excellent way to get into an affordable home loan fitting most of your needs including a low monthly payment.
