Alaska Mortgage Companies

February 15, 2010 2:23 AM | Alaskan Photo Tours

alaska mortgage companies

The military men and women a huge advantage over the average home buyer

The Veterans Administration (VA "introduced) the loan VA mortgage in 1944 to specifically benefit veterans by allowing them to buy a home with little or no money out of pocket. The VA is the recent decision to raise the loan limits for this program has opened the cash market veterans to an even larger scale.

Currently, the lending limit VA is $ 417,000 in the continental United States and $ 650,500 in Hawaii, Alaska, Peru and the U.S. Virgin Islands. Although mortgage-backed United have been around for years, there is no better time than now to take advantage of this benefit.

Recently, the service notes that property investors have been adversely affected in 100% financed loans. Default rates have reached a record high as investors are cutting their losses by eliminating high-risk loans. This leaves many credit challenged borrowers, the search for financing options properties. The good news for veterans is that VA loans are still going strong!

"VA government backed" mortgages are very attractive to investors. From the government says 25% of the value of the home of the veteran, which reduces your risk and allows mortgage companies to continue to approve the Veterans for 100% loans funded. This allows veterans who have experienced credit problems the opportunity to qualify for a VA mortgage. To apply for VA loan, veteran simply complete an application with a VA approved lender

The VA home loan is traditionally assumed, which means the insurer is able to make a decision based on a variety of factors other than credit scores. These loans protected government will continue to help many veterans achieve the American dream and find a place to call home!

About the Author

Jeff Guthrie is a well known author and has been writing content for VA Loan Offering VA Home Loan programs for a Veterans. His content is worth reading as it gives you an insight about different aspects of VA Loan & availing this service. For more details on VA Loan visit www.valoanprogram.com

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