
You Can Buy a Home in 2020 with These Low Income Mortgage Programs
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We pride ourselves on being the #1 VA Loan lender in Glenn Dale Maryland. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Glenn Dale Maryland real estate market. We are serving all of Glenn Dale Maryland zip-codes including zip code 20706, 20720 and 20769 and throughout Maryland, Florida and 47 other US states.
VA home loans are non-conventional home loans. Since the VA loans are government-insured they do not have the conventional mortgage underwriting guidelines that you get from conventional banks.
The VA Loan are easy to get since the banks assume less risk than conventional loans. This means that the U.S department of veteran affairs undertakes to repay a part of the loan to the lender if you are unable to make payments or if you face foreclosure.
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A VA loan is a home loan offered by private lenders and guaranteed by the U.S department of veterans’ affairs. It enables U.S veterans, the active-duty service members, widowed service members’ spouses Veterans and national guard to buy a home. VA loans were introduced as part of the GI Bill in 1944 to help the veterans, and they have become popular over time. In early 2019, 8% of homes were acquired using a VA loan. This loan type has become increasingly popular because it is easy to qualify with no down payment required and low closing costs.
To get a VA loan in Glenn Dale Maryland, you must be military personnel and meet the VA’s specific service needs. For you to be eligible, you must fall in any of the following three categories:
When applying for a VA loan in Glenn Dale, you need to get a Certificate of Eligibility “COE” or you can provide us with your DD-214 and we will order your COE for you. The COE lets us, the lender know what you qualify for.
Introduction to Glenn Dale, Maryland
Glenn Dale is an unincorporated area and census-designated place in Prince George’s County, Maryland, United States. The population was 13,466 at the 2010 census. Glenn Dale is home to the Glenn Dale Hospital, an abandoned sanatorium, and the USDA Plant Introduction Station.
Why to Live in Glenn Dale?
With a diversified population, low crime rate, family-friendly atmosphere and affordable housing, Fort Washington, MD is considered a good place to live. Fort Washington, MD is one of the safest areas around Washington D.C. with fewer violent or property crimes than Maryland’s average or the nation’s.
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