VA Loans in Sweetwater

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We offer VA loans to Veterans, Service Members, and select military spouses to buy or refinance a home. Learn how to use your VA benefits! VA loans require no down payment or private mortgage insurance, feature competitive interest rates, and are available to borrowers with less than perfect.

VA home loan fees range from about 2% – 4% of the home’s price. Find out the closing costs that Veterans are not allowed to pay. A down payment is not required on VA loans. However, the veteran is responsible for closing costs. The veteran can pay them out-of-pocket, or receive seller.

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VA Loans are only guaranteed by the U.S. Department of Veteran Affairs; lenders make the loans to eligible veterans for the purchase, construction, or energy-saving improvement (approved by the lender and VA) of a home. VA loans also have easier eligibility requirements than conventional loans.

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The Federal Housing Administration, or FHA, insures loans that are run by the Department of Housing and Urban Development, or HUD. This is a section of the federal government. All types of borrowers are eligible to apply for FHA loans in Sweetwater, TN, not just first-time homebuyers.

For those who qualify, VA loans require an upfront funding fee, but also require no money down and no mortgage insurance and offer a better interest rate than conventional mortgages. We help you choose between a VA and conventional loan.

The VA loan is a $0 down mortgage option available to Veterans, Service Members and select military spouses. The VA Home Loan was created in 1944 by the United States government to help returning service members purchase homes without needing a down payment or excellent credit.

A VA mortgage loan is perfect for VA families and Sweetwater Creek Florida first time home buyers because the borrower can finance 100% of the home’s value and purchase with $0 down payment. And, the seller can credit up to 4% to cover all of your closing cost.

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