Home Buyers Information for Military Personnel & Veterans
For those of you who have protected the Dream of our Nation, VA loans will protect your Dream of Homee Ownership! (must qualify)
* Home Buyers Tax Credit extended to April , 2011
1 To qualify must have served outside of the U.S. in 2010
2. Documentation needed
3. Purchasing a principal residence
* Veterans- VA loans are available
1. No money down
2. Fixed Interest rate
3. No mortgage insurance
4. must qualify
* VA Refinance Loans help to:
1. Lower your interest rate
2. Tap into your Equity
3. Pay for college
4. Home improvements
* Members of the National Guard or Reserves:
According to an article at :www.valoans.com/va_article.cfm?id=106
Members of the National Guard or Reserves are not immediately eligible for a VA loan, but can become eligible once you meet the requirements for time in service.
In order to qualify for a VA home loan, Guard and Reserve troops must serve at least six years under Title 10 of the U.S. Code. VA loans may not be automatic for today’s newest Guard or Reserve troops, but while you wait to become eligible, there are other options available. You may qualify for a HUD or FHA veteran’s loan based on a variety of criteria.
If you are interested in learning more about VA loans and the extended Home Buyers Tax Credit, contact one of the Homequest Real Estate Consultant’s today, at 1-800-713-2057.



