A VA loan, also known as a Veterans Affairs loan, offers major financial savings for veterans, active-duty military personnel and their families to make home ownership affordable. As government-backed loans, VA loans have fewer restrictions and less stringent requirements than many other loans, making it a great option for the thousands of veterans in the Denver area.
Advantages of VA Loans
- Low Payments Conventional home loans with a down payment less than 20% require homeowners to pay private mortgage insurance (PMI), which can add a substantial amount considering the high home prices in many Denver neighborhoods. However, a VA loan does not require homeowners to pay PMI since the loan is backed by the government.
- No Money Down With VA loans, qualified military members do not have to apply a down payment on the home, which lets you keep more cash for your personal and financial goals.
- Refinancing Made Easy The VA Streamline Refinancing Program allows Denver military members to refinance their current home loans with lower interest rates and fewer fees. With less stringent income and credit requirements, it is easier to qualify for this exclusive veteran benefit.
- Flexible Rate Options VA loans are available as a fixed-rate or adjustable-rate mortgage, so veteran homeowners can choose the rate that best suits your particular situation.
VA Loans with Golden Oak Lending
At Golden Oak Lending, we offer Denver veterans and qualified military members a great low rate for their VA loan. With low payments, flexible terms, and fewer requirements, a VA loan can help many of Denver's active and retired military personnel purchase a home in Denver's competitive and expensive housing market at terms that work for their financial situation and needs. With many years of experience, your personal loan expert will guide you through the VA loan process and give you the confidence you need to purchase your home. If you are a veteran or active military member in Denver, call our local Denver office today to learn how this exclusive loan can save you money on your monthly mortgage payment - possibly thousands of dollars a year or more. At Golden Oak Lending, we thank our veterans and active military members and their families for their service to our country. We want to help you get in the best financial situation possible, and a VA loan is a great opportunity - You Have Earned It!