New American Funding Atlanta – VA Loans
(770) 856-5338 www.NewAmericanAtlanta.com
VA loans are one of the most popular choices among eligible first-time home buyers because of the exceptional benefits they offer military borrowers, including lower rates than most traditional banks.
A VA loan is a mortgage guaranteed by the U.S. Department of Veteran Affairs. VA loans are designed to help active duty military and veterans qualify for homeownership. They offer lower interest rates and better terms than conventional mortgages, and are offered exclusively to service members and certain military spouses.
[Music] It is time now for mortgage minutes Brought to you by new American funding And today I am here with Matt Matt it is Great to see you again how you doing Today awesome awesome well today we are Going to be talking about VA loans and Specifically there has been some changes In the funding fee so Matt I would love For you to just start out by talking About what is a funding fee so great Question so a funding fee is is Basically mortgage insurance on a VA Loan the main difference is it's just a One-time fee that that veteran pays up Front and it's not caked into the Monthly payment so you just have a One-time fee it allows veterans to do as Little as no money down on a VA loan and Essentially protects the lender in the Event of any default on the loan so it It kind of serves two purposes allows The veteran to put little money down no Money down but also protects the lender And supports the VA home loan program so What are the changes that we need to Know about the veteran loan yeah the Exciting news and they don't change this Often but they've reduced the funding Fee by about 15 basis points to 30 basis Points depending on whether it's your First time use or your second use so at The end of the day this is going to Result in savings for our veterans
Couldn't come at a better time with Today's market anytime we can push out The good news about some savings that Will take effect on this particular Program April 7th okay and so if there's Someone out there that maybe you know They know that they're eligible for a VA Loan but they've never actually done it I know that you're a huge fan of the VA Loan the VA loan is the best Loan in my Opinion there is out there and and it Serves a good purpose obviously helping Our veterans but if you've never talked To somebody about a VA loan talk through Payments or that sort of thing big Advantage on a VA loan is there's no Monthly mortgage insurance premiums just That one-time upfront fee that gets Financed into the loan so Um really really aggressive on rates Right now when compared to other loan Programs our VA stuff is super Competitive so I would urge you to give Us a call I can be reached directly at 770-856-5338 or you can visit us at Newamericanatlanta.com you find your Home let us do the rest
