Click here to download VA Home Guide VA Mortgage Center.com has released a free, downloadable VA Home Loan Guide. The 14-page PDF file addresses the aspects of VA Home Loans that make them unique from conventional loans. It also provides instructions for veterans to aid in obtaining their loan.

In recent years, VA Home Loans have been used by only 10% of eligible veterans. The main reason most experts believe this happens is that most veterans are unaware of the many benefits of using a VA Loan. With the housing and lending markets both suffering, Veterans should consider now more than ever the offerings of the VA program, which include no down payment requirement on a loan.

The unique benefits and looser requirements of a VA Loan make it the ideal choice for most Veterans. The subprime fallout only further that point.

"Although interest in VA Loans over conventional financing is on an upswing, there are still many who do not realize the differences between a VA Loan and a conventional home loan," said CEO Nathan Long. "The unique benefits and looser requirements of a VA Loan make it the ideal choice for most veterans. The subprime fallout only further that point."

Along with describing the benefits of VA Home Loan, the guide also informs veterans of the special requirements associated with taking out a VA Home Loan. Unlike most conventional loans, VA Loans also have unique occupancy requirements and rules about what costs Veterans may or may not pay in the loan qualification process.

Other information featured in the guide includes discussion on credit requirements, foreclosure and bankruptcy requirements, and eligibility guidelines.

Comments

RE: VA Mortgage Center Releases Downloadable VA Home Loan Guide

Comment by: Payday Loan Advocate

- Oct 19, 2008 10:24:10 PM

The Arizona Credit Union System would be very happy if payday advance companies shriveled up and died in the Grand Canyon State, but their opinion is certainly greased by the wheels of their own commerce. The credit union is stepping up its lobbying efforts to crush the competition and absorb all the former cash advance customers into their coffers. In a massive E-mail campaign that they estimate will reach as many as 1.6 million credit union customers, System will encourage voters to give Proposition 200 an emphatic thumbs down. On the flip side of the coin, Prop. 200 supports organizations like the Arizona Community Financial Services Association that claims that Proposition 200 will indeed lower state loan fees, eliminate extensions by introducing flexible payment plans, regulate Internet lending and cull the number of total walk-in stores in Arizona. These very real reforms will not only help payday loan customers, but will keep industry employees off the breadlines past the current lending sunset year of 2010. Who wants to lose their job, particularly in our current economy?