Veterans Affairs Loans, also called VA loans, can be used by veterans, active-duty military personnel, and their families. With a VA loan from Golden Oak Lending, you can buy or refinance your home and save thousands of dollars on financing and fees, leaving more money in your pocket.
Financial Flexibility for Denver Veterans and Military Members
These advantages make Denver VA loans popular among veterans:
- Low fees and payments. Since this loan is backed by the government, there are fewer qualifying conditions. Even if you don’t apply a down payment of at least 20%, you don’t have to pay private mortgage insurance (PMI), which saves you hundreds or thousands of dollars, depending on the purchase price of your house.
- No money down. You can finance 100% percent of your home, which is an enticing advantage if you don’t have much cash on hand, or if you frequently move from area to area to fulfill your military requirements. You’ll be able to save the cash that you have or use it for other needs.
- Refinancing available. The VA Streamline Loan Program is available for those who would like to refinance their home at a lower rate. With rates still low, you can refinance and save money on your monthly mortgage payment – possibly thousands of dollars a year or more. This streamlined program doesn’t have income requirements or an appraisal, making the process quick and easy for homeowners.