NewDay USA wants our servicemembers, veterans, eligible National Guard members and surviving spouses to become homeowners and achieve the American dream. With a VA home loan, this is possible and within your reach.
Read about the benefits you can take advantage of with a VA-guaranteed loan:
VA loans are flexible, government guaranteed loans made under the programs of the U.S. Department of Veterans Affairs (VA).
VA-guaranteed home loans help eligible servicemembers, veterans, National Guard members and surviving spouses realize the American dream of homeownership.
All VA-eligible borrowers can take advantage of the variety of benefits offered by VA- guaranteed home loans:
Not long ago, only spouses of those who had died of military-related causes were permitted to apply for VA loans to achieve the American dream of homeownership.
However, these eligibility criteria for surviving military spouses have since expanded with the passage of a law in 2012 known as The Honoring America’s Veterans and Caring for Camp Lejeune Families Act (H.R. 1627).
You may have recently asked yourself, “Can I buy a condo with a VA loan?” You will be happy to learn that service members may use their VA benefit to apply for a VA loan towards the purchase of a condominium as long as the property meets certain qualifying conditions set forth by the VA.
As a member of the National Guard or Reserves, you may qualify for a VA home loan. The VA’s Home Loan Guaranty Program allows qualified National Guard Members and Reservists to apply for VA home loans.
To qualify for VA’s home loan guaranty, you must meet one of the following eligibility requirements if you served before 1990:
NewDay USA respects your service to our nation. Your dedicated military service may mean you are eligible for a VA home loan if you meet at least one of the following qualifying conditions and served before 1990:
Being a first-time home buyer is a very exciting and rewarding time in your life, but it can also be a challenging and complicated one. You may be asking yourself, “What type of home loan should I get?”
If you do qualify for a VA-guaranteed loan, it is an option you may seriously want to consider.
Review the meaning of some useful terms before applying for a VA Home Loan or refinancing your mortgage with NewDay USA.