VA Home Loan Benefit

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NO DOWN PAYMENT REQUIRED

The VA home loan remains one of the only lending programs on the market that offers a zero down payment* mortgage. Most lending programs require at least some form of down payment, with popular amounts ranging from 3.5% to 20%*. For example, a $200,000 home could mean coming up with a down payment ranging from $7,000 up to $40,000!. Borrowers using the VA loan can purchase immediately with no money down, avoiding years of saving up while paying rent to someone else.

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NO MONTHLY MORTGAGE INSURANCE

VA loans do not require mortgage insurance, even when the home buyer is putting no money down. As a result, the Veteran not only saves cash upfront but can also save thousands over the lifetime of the loan and give the buyer more purchasing power when shopping for a home.

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FLEXIBLE UNDERWRITING GUIDELINES

Qualifying credit factors such as FICO Credit Score, collections, debts and judgments are all considered with common sense underwriting reviews. Not every credit report is indicative of a Veterans true walk in life. At Aligned we work to find a way to make every Veteran a homeowner. Its just common sense. VA loans also allow for a higher debt-to-income ratio than other types of mortgages.

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*Other conditions may apply