VA loan program (100% financing)
If you are a serving member, surviving spouse or Veteran, you may qualify for a VA loan which is a government backed mortgage that offers 100% financing when purchasing a home. VA loans offer competitive rates and terms that can be used to purchase a single family home, multi-family property, new construction or manufactured home. The process of getting a VA loan is similar to any other loan when buying a home.
Some of the major benefits of a VA loan include not having to pay for a down payment (100% financing), no PMI (Private Mortgage Insurance) since VA loans are government backed, competitive interest rates and easy pre-approval guidelines. If you believe you qualify for the VA loan, 100% financing program, call Cornerstone Realty Carolinas today at (704) 837-4672 for more information and to start the pre-approval process. Please note that getting pre-approved for a VA loan is based on your current employment, income, credit score and debt to income ratio.