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Home > VA Loans - Features and Benefits
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Features & Benefits of a VA Home Loan
With so many mortgage programs available today, it is important to work with your lender to evaluate all of your options to determine the best loan for you. There are many benefits to a VA Home Loan which may make it an attractive option for you.
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Zero down payment options up to $417,000.
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VA Funding Fee can be financed; Funding Fee may be reduced with higher down payment; under certain circumstances, it may be waived by the VA.
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Closing costs are similar or may be lower than other financing options.
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No prepayment penalty.
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Mortgage may be assumable if assumer’s creditworthiness is approved by the VA.
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Financial counseling is offered to help veterans avoid losing their homes to foreclosure during times of temporary financial difficulty.
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440 Washington Street | Weymouth, MA 02188 | Office: 781-337-2432 | Toll Free: 800-869-5882 | Fax: 781-337-2885 |
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Mount Vernon Mortgage Corporation is licensed for mortgages on properties located in Massachusetts | Massachusetts Licensed Broker MB5225 |
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