First Time Home Buyers

Why a VA Loan is perfect for first time buyers

Buying your first home can be a very rewarding experience. As a first time buyer, there is a lot you need to know and selecting the right loan is definitely one of them.

If you are eligible, a VA Loan is one of the best loan programs available, particularly for first time home buyers.

Purchase with $0 Down

One of the greatest benefits to young families and first-time homebuyers is that the VA Loan doesn’t require a down payment.

Unlike conventional loans, which require anywhere from 5-20% down, VA mortgages allow borrowers to finance 100% of the home’s value and purchase with $0 down. Removing this hurdle opens the door to homeownership that was previously out of reach for many interested in purchasing a home.

Qualification Standards for a VA Loan

Because many first-time home buyers typically don't have a lot of established credit, getting qualified for a conventional loan can be difficult. However, the credit and income standards are not as strict with VA Loans, making the loan qualification process easier.

Because VA Loans are backed by the federal government, lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Additionally, interest rates for VA Loans are typically lower than conventional loans. These two advantages can create significant savings for homebuyers when comparing to a conventional mortgage.

The advantages are real. A lower monthly payment, easier qualification guidelines and the ability to purchase with $0 down make a VA Loan the best option for first time home buyers that qualify.

Why VAMortgageCenter

At VAMortgageCenter we pride ourselves on being different from other service providers. We specialize in VA Loans and take great pride in Serving those Who Have Served. This dedication and focus on VA loans has allowed us to streamline the VA loan process, making it very smooth and easy for our clients.

Ready to Get Started?

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Step 1. Contact a VA Loan Specialist

Take the first step towards homeownership today and contact a home loan specialist.

Our specialists are happy to answer any questions you have about the VA Loan and can help get you on the path to homeownership.

Start Today (No obligation, it takes 2 minutes)

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