VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily available with other loans.
VA Loan Benefits:
100% Financing
Closing costs comparable and sometimes lower - than other financing types.
No private mortgage insurance requirement.
Right to prepay loan without penalties
Mortgage can be taken over (or assumed) by the buyer when a home is sold.
Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan.
Morgan Financial is owned and operated by an USAF Veteran. We understand VA benefits, and how important those benefits are to you. We are proud of all our men and women who serve/have served for our Country!
Thank you!
2720 N. HARBOR CITY BLVD MELBOURNE, FL 32935 Phone: Fax:
