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Veteran Stand Down: Getting Back into Civilian Life with a VA Home Loan

The iServe Blog


It can happen so quickly. One week, you're sweeping an area with your fire squad, the next you're back home and adjusting to civilian life. When our military men and women leave the service for civilian life, the transition can be very rough as they change from guardians and peacekeepers to everyday people on the street. One way to help a veteran reintegrate into civilian life is through home ownership. Home ownership helps you to put down roots, and VA home loans are focused on making that process easier. Here's how it works:

Veteran Stand Down: Getting Back into Civilian Life with a VA Home Loan

When you're ready to settle back into civilian life, a VA mortgage may be a great way to make it happen. VA loans are provided by private lenders, such as banks and mortgage companies.  However, the Department of Veterans Affairs guarantees a portion of the loan.  This generally enables lenders to provide veterans with more favorable loan terms. This may make it much easier to get a VA mortgage than a standard home loan, especially if you've been overseas or haven't had a chance to build your credit history. With a VA loan, you may be able to obtain a more competitive interest rate or reduce or eliminate the down payment requirement, making your dream of home ownership more attainable.

But beyond simple home ownership, a VA home loan provides you with a number of other options. Are you retiring from the military and already have an existing VA mortgage? You're not restricted to only one VA home loan, so buying that snowbird home to spend the winter or that beautiful vacation property you've been dreaming of may be within your reach. Do you want to start a business by flipping a home? VA home loans don't have the same restrictions as conventional home loans, which can allow you to flip your investment property in under 90 days or without having to get two different appraisals.

What if the veteran in question is returning a wounded warrior? A Certificate of Eligibility serves as verification of income for your VA disability benefits and can make the verification process easier. Receiving VA disability may mean you won't have to worry about the funding fee. If you need to make home renovations on your existing home to make daily life easier, a VA cash out refinance may be able to provide you with the funds you need to make it happen. 

Using a VA mortgage loan to finance your new home may make for an easier transition from active military to honored veteran. At iServe Residential Lending, LLC, we recognize the sacrifice our military men and women have made in serving our country, and we're proud to provide them with superior service through VA home loans and similar programs. Come home with us and we’ll do our best to make the transition to civilian life easier, just contact us today for more details.

 

 

Programs, terms and guidelines subject to change without notice. Not all applicants may qualify. All loans subject to underwriter and investor approval. Arizona Mortgage Banking License BK-0920658; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, CRML License  413-0646; Colorado Supervised Lender #988552; Georgia Residential Mortgage Licensee License #19613; Licensed by the New Jersey Department of Banking and Insurance License # 512567; Licensed Mortgage Banker—New York State Department of Financial Services License # B501014; (www.nmlsconsumeraccess.org)

iServe Residential Lending, LLC 15015 Avenue of Science, Suite 250-San Diego, CA 92128

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