For those veterans who have served our country, VA loans are a great loan program. VA loans are federally insured loans through the Veterans Administration.
VA loans offer a great opportunity for first time home buyers to get into a home with very little down payment or no down payment at all. In addition, VA loans are easier to qualify for than certain other loans, making them a great option for veterans to get into their first home.
- Available to eligible veterans only
- Loan limits up to $1,000,000
- 100% financing options for loans up to $417,000
- A seller can pay 100% of a buyers closing costs and pre-paids
- No monthly mortgage insurance
- Flexible loan terms (15 years to 30 year programs available)
- Credit scores as low as 620
- Fixed and adjustable rate mortgage options
- VA loans are assumable
- No pre-payment penalties
Are you thinking about buying your first Knoxville home for sale this year? If so, do not hesitate to give Knoxville Home Team a call today. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached at 865-696-1888 or via email at [email protected]. We’ve helped countless first time buyers find the perfect home for them and we’d love to help you do the same!