Phoenix, Arizona
Utilizing a VA home loan when purchasing a Phoenix home is a fantastic way to finance a property with a low interest rate, with little to no required downpayment. Purchasing a home with a Phoenix VA loan may seem like a daunting task at first glance, but it is actually pretty simple. The basic process is as follows: Find a home…
With Phoenix VA mortgage loans, you are allowed to borrow against either the purchase of an existing Phoenix home or for the construction of a new Phoenix home. However, Phoenix VA mortgage loans are for primary residences only; you cannot purchase an investment property or second home with a Phoenix VA home loan as these property types are not eligible for…
Veterans with active duty service during World War II and later periods are eligible for Phoenix Home Mortgage VA loan benefits. World War II (September 16, 1940 to July 25, 1947), Korean conflict (June 27, 1950 to January 31, 1955), and Vietnam era (August 5, 1964 to May 7, 1975) veterans must have at least 90 days…
When purchasing a home in Phoenix, a VA (Veterans Administration) guaranteed home loan is the preferred loan program for active, non-active, Reserve, National Guard, and retired military of the armed forces because there is no down payment needed and no private monthly mortgage insurance required. Phoenix VA mortgage loans can be used towards purchasing a home, building…
