What's all the hype about VA Loans?
Well If you are eligible to receive VA benefits and do not currently have a VA loan you are missing out on the best mortgage loan programs available in the last 75 years. So if you have served in any branch of military included the US Coast Guard it is definitely worth checking to see if you are eligible.
Why are VA Loans Different From Conventional Loans?
The main difference between VA loans and conventional loans is that they are fully insured or "guaranteed" by the VA. In other words, Veteran Affairs will guarantee insurance to the lender on every VA loan they finance. This makes VA loans a safe investment for banks. It's because of this safety that makes VA rates lower and their programs so much better then anything else available in the mortgage market today. Since VA is providing this safety to lenders, VA requires the lender to provide specific programs that are in the best interest and advantageous to eligible veterans.
There are many VA niche programs, but the most common VA programs are:
- VA Home Purchase Loan (100% Financing available)
- VA Interest Rate Reduction Loan
- VA Cash Out Refinance
- VA to VA Streamline Refinance
Contact us or Give us a call today (808) 728-9999 and we would be more than happy to answer any other questions you may have, and see if a hawaii va loan is the right fit for you.
