Coconut Creek Buyers: What You Need to Know About VA Mortgages

If you are presently serving or have served in the Armed Forces, you can take advantage of a home loan program offered by the Department of Veterans Affairs. This guaranty program is similar in many ways to the FHA loan program except that it is offered exclusively to veterans and active duty members of the military. The VA will insure a home loan to protect mortgage lenders from experiencing any loss if the borrower defaults on the loan. Like the FHA program, lower down payment requirements and more lenient standards for qualification allow homeownership to become a reality for those who have served our country.

The first step to finding out if a VA loan is right for you, is to find out if you are eligible for this program. Your lender may be able to assist you in this process by using the ACE (Automated Certificate of Eligibility) system. This does not work in all situations so you may need to complete a VA Form 26-1880 and submit it along with proof of military service to the following address:

VA Loan Eligibility Center

PO Box 20729

Winston-Salem, NC 27120

Once you have obtained your Certificate of Eligibility, you will be able to take advantage of this great opportunity. In addition to providing a loan program, the VA also assists participants in the program in keeping their homes. Since the downfall of the real estate market, the VA has provided loan counselors to help troubled homeowners do whatever is possible to avoid foreclosure. Through counseling and financing arrangements, the VA counselors have helped over 74,000 people keep their homes since 2000. It is good to know that the same entity that helped you acquire your home will help you keep it if you face financial difficulty.

See more information on the VA loan program by visiting the Department of Veterans Affairs website

Homeownership is the American Dream and there is no place better to own a home than in Coconut Creek, Florida. When you are looking for a new home, townhouse, or condo, be sure to view properties in The Township of Coconut Creek. You are sure to love what you see! View homes in Coconut Creek, Florida here or call me, Silva Stoyanova, to begin your search for your new Coconut Creek home!

To Begin Your Search for the Perfect Home or to Sell Your Home in
the Township of Coconut Creek, Begin Your Journey by Calling
Silva Stoyanova at (954) 673-4402.