VA Purchase

Purchase Your Home with a VA Mortgage

Take advantage of the VA Loan Program and afford MORE…

 

Purchasing a Home with a VA Loan

The VA home loan program offers Veterans significant benefits when purchasing a home. The government guarantees 25% of the loan amount allowing you to finance up to 100% of the value of your home.

VA purchase loans also require NO monthly mortgage insurance saving you even more money every month.

Additionally, there is no credit score limit. Rather, VA purchase loans are evaluated on a case by case basis focusing on overall past payment behavior. This allows many who suffer from a low credit score (or lacking credit history) to qualify.

First Time Home Buyer Benefit

If you have not owned a home in the 3 years prior to purchasing your new home, you are considered a “first time home buyer” and qualify for a tax credit of ten percent of your home purchase (up to $8,000).

Unlike tax deductions, this benefit is a tax credit — a dollar-for-dollar — return on your taxes! The government is now allowing this tax credit to be used to cover any closing costs, as well.

What Else Can I do with a VA Loan?

VA loans aren’t just for purchasing your dream home. They’re also a great option for paying off debts on your current home, making home improvements and upgrades, or simply reducing monthly rates and payments compared to a conventional loan.

Despite the significant benefits of the VA Loan program, many of the 27 million eligible Americans don’t take advantage of it. If you’re eligible, take the time to find out what a VA loan can do for you.

Answer a few simple questions, and we’ll show you how affordable home ownership can be!

It’s a fast, easy, free, and there’s no obligation whatsoever…

 

Why are VA Loan Rates Better?

VA loans are government insured, which means they offer greater protection to lenders in the event a borrower defaults. This added security enables qualified VA lenders such as CREFCO to offer significantly better rates compared to conventional loans.