Helping Heroes Become Homeowners

Do you want to know the golden ticket for veterans dreaming of homeownership? Dive deep into the unbeatable benefits of VA loans!

In this episode, Richard discusses the advantages of VA home loans. He'll talk about the lower interest rate than conventional loans, no down payment requirement, and higher approval rate than other loans. Richard will also cover the ability to buy a property with no money down and refinance without having to qualify again. Plus, he'll review the median FICO score for a borrower, average loan amount, and more. 

Tune in now for everything you need to know about VA home loans!

[00:01 - 04:31] VA Loans: A Powerful Tool for Veterans with Lower Interest Rates and Higher Approval Rates

Richard shares the pros of VA loans

VA loans have lower interest rates than conventional loans

VA loans have a higher approval rate than conventional loans

VA loans have a zero down payment feature

No private mortgage insurance is required on VA loans

[04:32 - 11:04] Put Nothing Down and Build Wealth with Real Estate

VA home loan allows you to buy a property with no money down

After 12 months, you can refinance the home into a conventional loan and restore entitlement to use on your next purchase

VA loans allow for an Interest Rate Reduction Loan (ERL) which does not require an appraisal, income, or assets

The median FICO score for a VA home loan is 736, with median household income of $90,000 and an average loan amount of $344,000

[11:05 - 11:37] Closing Segment

Quotes:

"Underwriters are encouraged to consider every possible appropriate factor in seeking a proper basis for approving loan applications for every qualified veteran that is specifically written in the guidelines for VA." - Richard Sarey

"The veteran has earned the right to put nothing down. They may have money to put down, but they don't have to. It's zero down. That's the feature. That's the benefit of becoming a homeowner using your VA entitlement." - Richard Sarey

Have you got questions? Please email me at rsarey@alliancemtggroup.net, or visit www.alliancemtggroup.net. 

Show Notes

Do you want to know the golden ticket for veterans dreaming of homeownership? Dive deep into the unbeatable benefits of VA loans!


In this episode, Richard discusses the advantages of VA home loans. He'll talk about the lower interest rate than conventional loans, no down payment requirement, and higher approval rate than other loans. Richard will also cover the ability to buy a property with no money down and refinance without having to qualify again. Plus, he'll review the median FICO score for a borrower, average loan amount, and more. 


Tune in now for everything you need to know about VA home loans!


[00:01 - 04:31] VA Loans: A Powerful Tool for Veterans with Lower Interest Rates and Higher Approval Rates

  • Richard shares the pros of VA loans

    • VA loans have lower interest rates than conventional loans

    • VA loans have a higher approval rate than conventional loans

    • VA loans have a zero down payment feature

    • No private mortgage insurance is required on VA loans


[04:32 - 11:04] Put Nothing Down and Build Wealth with Real Estate

  • VA home loan allows you to buy a property with no money down

  • After 12 months, you can refinance the home into a conventional loan and restore entitlement to use on your next purchase

  • VA loans allow for an Interest Rate Reduction Loan (ERL) which does not require an appraisal, income, or assets

  • The median FICO score for a VA home loan is 736, with median household income of $90,000 and an average loan amount of $344,000


[11:05 - 11:37] Closing Segment



Quotes:


"Underwriters are encouraged to consider every possible appropriate factor in seeking a proper basis for approving loan applications for every qualified veteran that is specifically written in the guidelines for VA." - Richard Sarey


"The veteran has earned the right to put nothing down. They may have money to put down, but they don't have to. It's zero down. That's the feature. That's the benefit of becoming a homeowner using your VA entitlement." - Richard Sarey



Have you got questions? Please email me at rsarey@alliancemtggroup.net, or visit www.alliancemtggroup.net. 


What is Helping Heroes Become Homeowners?

This podcast is designed to educate and discuss the truth about the VA Home Loan Benefit.

"We believe all Military Service members deserve access to accurate information about their VA benefit to purchase a home. We educate the community to serve and protect our military homeowners and promote home ownership."

Richard Sarey NMLS#291309 with Alliance Mortgage Group will take an in depth look and debunk the "MYTHS" of the VA Home Loan.