Residents of Connecticut who currently serve in the military or are veterans can gain considerable benefits from VA home loan options. The VA loan program was created as a part of the Servicemen’s Readjustment Act in 1944, and caters to the home loan needs of eligible vets and military members.
These loans are backed by the Department of Veteran’s Affairs, which present many benefits to those looking to apply for VA loans in Connecticut. From limited closing costs to zero down payment, VA loans can significantly assist veterans and their families in their bid to become secure homeowners.
At e-Finance Mortgage LLC, we work to offer Connecticut veterans and military personnel with VA home loan options that meet their financing needs.
Connecticut VA Loan Benefits
- 100% financing option
- VA funding fees can be financed through loan
- No private mortgage insurance (PMI) required
- No pre-payment penalties
- Limited closing costs due to VA regulation
- Strong credit score not imperative
- Flexible qualification requirements for applicants
- No down payment home loan options
With VA-backed loans, applicants can explore a variety of housing options, from condominiums to multistory houses. The VA loan program enjoys considerable popularity in Connecticut, largely due to the aforementioned benefits. VA loan borrowers have the option of making no down payment, allowing them to save on a considerable amount of money. Additionally, interest rates on VA loans tend to be lower, and no private mortgage insurance means that borrowers need to make lower monthly payment as compared to other loan options.
At e-Finance Mortgage LLC, our aim is to help provide the veterans and active duty military members in Connecticut with the assistance they need to find the right VA home loan option. With the help of our experts, they can easily find and qualify for the right VA home loan and that too with competitive interest rates. If you have any queries or concerns about the process or are looking for more information on Connecticut VA home loans, get in touch with e-Finance Mortgage LLC today.