Residents of Goose Creek South Carolina Get VA Mortgage Loans from Homefront Morgages Inc

Homefront Mortgages consentrate in helping veterans in Goose Creek and the Tri-County area in South Carolina get VA Loans.

Why get a VA Loan?

One of the most  powerful and flexible lending option on the market today is the VA Loan. The VA pledges to repay about a quarter of every loan it guarantees in the unlikely event the borrower defaults rather  than issuing a loan.

That guarantee gives VA-approved lenders greater protection when lending to military borrowers and often leads to highly competitive rates and terms for qualified veterans.

What are the Key Benefits of a VA Loan?

Far and away, the most significant benefit of a VA loan is the borrower’s ability to purchase with no money down.

VA loans also come with less stringent underwriting standards and requirements than conventional loans. In fact, about 80 percent of VA borrowers could not have qualified for a conventional loan. These loans also come with no private mortgage insurance (PMI), a monthly expense that conventional borrowers are required to pay unless they put down at least 20 percent of the loan amount.

Competitive interest rates that are routinely lower than conventional rates with:

No prepayment penalties
Sellers can pay up to 6 percent of closing costs and concessions
Higher allowable debt-to-income ratios than for many other loans
Streamlined refinancing loans that require no additional underwriting

Homefront Mortgages actively seeks to help veterans get into a home.  As a full service mortgage broker, Homefront Mortgages concentrates on helping veterans in the Charleston, Mount pleasant, Summerville, West Ashely and Goose Creek and surrounding areas take advantage of these specialized loans.

Call Homefront for a Free Consultation Today to see if you qualify for a VA loan.

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