Albuquerque, NM Home Purchases with VA Loans
Veterans Administration (VA) home loans offer low interest rates and advantageous repayment terms to help the men and women of our military own a home. Infiniti Mortgage, LLC can help you apply for a VA home loan.
Determining Eligibility
Only those on active military duty, veterans with honorable discharges and certain family members may qualify to purchase a home with a VA loan. The professional loan officers at Infiniti Mortgage, LLC can determine if you are eligible based on your service history. They can also go through your financial history and credit score to pre-qualify you for a loan.
Benefits of a VA Home Purchase Loan
Buying a home with a VA loan is one of the benefits of serving our country. VA loans come with a number of benefits, including:
- No down payment in most cases
- Negotiable interest rates
- Lower closing costs and fees than other loans
- Not requiring mortgage insurance
- Prepaying without any penalties
Your experienced loan officer will demonstrate how these benefits will affect you so you will have a better understanding of the impact on your finances.
Buying a Home with a VA Loan
Buying a home with a VA loan can be a confusing experience. At Infiniti Mortgage, LLC, we explain the terms of your loan and walk you through any areas you might not understand so you can feel confident about your decision. Whether you are buying a home with a traditional VA loan or a jumbo loan, we’ll be there to help. Contact Infiniti Mortgage, LLC today to schedule an appointment with a loan officer.