No Money Down For Veterans

The VA Home Loan program allows veterans with qualifying income and credit to purchase a primary residence without putting any money down towards the sale price of the home, as long as that sale price does not exceed the appraised value of the home.

Although the most common loan programs require a percentage of the purchase price to be applied as a down payment VA is one of the best around if you are a qualifying individual.

Zero Down Payment & Zero Monthly PMI

Not only do you not need a down payment for the purchase of a home, but you do not have to pay a monthly PMI (private mortgage insurance) premium. Hazard insurance insures the homeowner, but PMI insures the lender against homebuyer default.

Other benefits of a VA mortgage include the following.

• The VA home loan is assumable
• Simple to understand
• Offers security from interest rate risk
• Prepay without a pre-payment penalty
• You have VA behind you if you ever need assistance

Contact a Loan Specialist Online or toll free at 800.461.4152 to learn more about RANLife's VA mortgage Programs.