Vermont VA Loans

Vermont offers a rich, historic environment and good ole rural living. The VA loan helps veterans relocate to the green mountains of Vermont every year. With the VA loan, Veterans live where they want to, no settling for most inexpensive or less attractive offer.

How is this possible? The U.S. Department of Veterans Affairs secures the home loan, pleasing lenders and borrowers alike. The VA-backing means lower interest rates and numerous other benefits for veterans looking to accomplish the dream of owning a home.

Begin your homeownership journey and fill out our form for more information.

The Benefits

Veterans, active duty personnel, Reservists and National Guard members who were honorably discharged can apply for the VA loan.

With conventional home buying, potential homeowners must save up any and all extra funds for the 20% down payment. This in itself is a stressful task. However, the VA loan allows veterans to forego the down payment, only requiring them to pay low closing costs and a small VA funding fee. VA borrowers literally save thousands of initial dollars that can go towards multiple other uses.

On top of the zero money down option, veterans save hundreds monthly. Veterans do not have to pay PMI, or private mortgage insurance. And there is no penalty for paying off the loan earlier than expected.

Eligibility

Veterans must obtain a Certificate of Eligibility before being approved for a VA loan. The certificate shows lenders that they meet the 90 days of service during wartime and 181 days during a time of peace requirement. It also shows that they do not have any bad or dishonorable discharges on their record. Surviving spouses may also be eligible for the loan. Contacting a Vermont VAMortgageCenter.com specialists is the best to have all eligibility and qualification questions answered. Fill out the form above or call 1-800-405-6682.

Vermont Military Bases

Although there are no major installations in Vermont, numerous resources are available for National Guard and Reserve members, with offices located across the state.