The Top 9 VA Loan Myths – Busted
What are the top 9 VA Loan Myths? Over the past two decades, I have worked with 1000’s of Veterans and active-duty service members by helping them buy a home using their VA home loan benefit. During this time, I have heard some of the biggest misconceptions about using the VA loan programs. Here is a list of just a few:
- I already used my eligibility once, so I didn’t think I could use it again.
- I was never told about my VA benefit.
- It was only for Veterans and I am still on active-duty.
- I thought my eligibility was expired.
- I didn’t pick up my certificate, so I didn’t think I could use my VA loan benefit.
- I have VA entitlement, so I automatically quality for a VA loan.
- The $36,000 listed on my Certificate of Eligibility won’t buy a house in my community.
- It is only for military on active-duty and I got out after four years.
- I thought it was harder to qualify for a VA home loan.
There are so many more that I have heard over the years, but I think this is why we need to change this perception and communicate the many benefits of the VA home loan.
This is where having a relationship with a VA loan specialist comes in handy. What is a VA loan specialist?
Why You Should Work with a VA Loan Specialist
If you have heard or believe any of the myths that I wrote about above, then you should probably seek out a VA loan specialist. Look, navigating the complex world of home financing can seem a little daunting, especially for veterans and active-duty service members. As you can see from above, there is a ton of misinformation out there about the VA loan. This is where the expertise of a VA Loan Specialist becomes invaluable to you. A well-versed VA Loan Specialists is equipped to help guide you through the process of securing a VA Loan, a benefit earned through service and sacrifice.
In-Depth Knowledge of the VA Loan Requirements
VA Loans are distinctly different from conventional or FHA loans, with specific eligibility criteria, terms, and benefits. A VA Loan Specialists, who has a complete understanding of the VA Lender Handbook 26-7, will possess an in-depth understanding of these requirements, and is ensuring that veterans and service members fully leverage the benefits they are entitled to. A well-seasoned VA loan officer also resources and, most likely, has come across scenarios an average loan officer hasn’t. From the initial Certificate of Eligibility to the final loan closing, a VA Loan Specialist ensures every step is clear and concise and it went smoothly for you and your family.
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Joseph Small and Team at Patriot Pacific Financial Corp – Arizona’s VA Home Loan Experts! – have 20+ years of experience of helping eligible veterans and active-duty service members use their VA home loan benefit. Joseph is also a certified Veteran Mortgage Advisor. Give us a call to get started. #whoyouworkwithmatters
Joseph Small is licensed in Arizona (#0919258), South Carolina (MLO-380188) and North Carolina (I-219980), if you or someone you know needs assistance with a purchasing a home.
**All loans subject to underwriter approval. Terms and conditions apply, subject to change without notice. Patriot Pacific Financial Corp is an Equal Housing Lender.
