Barb Schlinker The Real Estate Voice

What is VA Financing?VA Financing is when a buyer obtains a mortgage that is guaranteed by the Secretary of Veteran Affairs against a foreclosure.  It allows military members and veterans to purchase homes with zero down payment instead of the 20% down payment typically required by conventional financing.These loans also have lower interest rates than conventional financing and lower payments because the mortgage insurance in the form of a VA funding fee (which is typically added to the buyers mortgage balance) is much less costly to the buyers.Home sellers should have their homes VA financing - ready in this market because 44% of the jobs in the area are related to military service and 36% of the sales are financed with VA financing.Q.  What is VA Financingo   100% financing for homes – no upper limit – thanks to President Trumpo   In this location Veterans can purchase a home with Zero down for as much as $510,000 and in Elbert & Douglas counties as much as $575,000o   Started after WWII to help Veteran