Home Loans for Veterans – Patrick Bowers, Mortgage Broker
Morse Lake Real Estate and Waterfront Homes
In honors of Veteran’s Day, thought it be a perfect time to discuss the VA mortgage loan. A VA loan is made to Active Duty Military, Reservists/National Guard, Honorably Discharged Veterans or their unremarried widows or widowers. VA loan are especially desirable due to the fact that they are one of the few outlets left that will allow for 0% Down and also have no mortgage insurance charged to the buyer. The first step for a veteran interest in this loan would be to acquire a Certificate of Eligibility from the Department of Veteran Affairs (See: http://www.benefits.va.gov/homeloans/eligibility.asp).
Some quick notes regarding the VA loan:
No Down Payment Required
Competitive Interest Rates and Comparable Closing Costs
VA Funding Fee can be Financed into Loan
No Pre-Payment Penalty
No Mortgage Insurance
VA assistance to borrowers in default due to financial difficulty
If you’re a veteran and would like more information on a VA mortgage loan, please contact me.
Patrick Bowers, Mortgage Banker
3077 E. 98th Street, Suite 150
Indianapolis, IN 46280
Cell (317) 258-8334
I promise I will not bother you with sales calls,or emails and will NEVER share your email address.You
will only receive automated emails with Morse Lake homes. If you see something that you would
like to see – call or email me & I can get you in to see it right away… before most people even know
it’s on the market!