When it comes to buying or refinancing a home, the mortgage options are seemingly endless. There are literally loans for almost any scenario you can imagine. Whether you’re single mom looking to buy your first home or you’re newly retired and on a fixed budget, there’s a loan program for you. So, then, why should you choose a VA home loan? These flexible, government-backed loans are loaded with benefits, no matter your circumstances, all of which can help tear down the barriers to … [Read more...]
Introducing RehabLoans.org
Whether you’re buying, refinancing, building or remodeling a home, Mortgages For America has the right VA-backed and non-VA home loan product to fit your needs. And we’re excited to announce our new website, rehabloans.org, which highlights our home renovation and construction programs. How rehab loans work RehabLoans.org will specialize in providing financing for homeowners looking to build or remodel their dream home. With no-money-down construction and renovation loans backed by the U.S. … [Read more...]
Build your dream home with no money down
Two years ago, it was difficult to find a lender willing to loan money on a zero-down VA construction loan. But as more and more lenders expand their product offerings, this valuable loan product has resurfaced and thousands of veterans are taking advantage. But before you head out to construct your dream home, there are a few guidelines you need to understand. For starters, you have to find a VA approved builder. This program does not allow you to build the home yourself. In order for a … [Read more...]
Understanding the VA Construction Loan Process
Using a VA loan to build a new home is similar to using a VA loan to buy an already existing home. However, there are a few important distinctions. As many people already know, the U.S. Department of Veteran Affairs (VA) backs home loans to eligible military borrowers. Since the VA doesn’t actually lend money, but instead insures lenders against possible default, every loan has different requirements. Here’s what you can expect with the VA construction loan process: You must be … [Read more...]
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