
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 Rock Point Maryland. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Rock Point Maryland real estate market. We are serving all of Rock Point Maryland zip-codes including zip code 20682 and throughout Maryland, Florida and 47 other US states.
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 Rock Point 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 Rock Point, 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 Rock Point, Maryland
Rock Point is an unincorporated community and census-designated place located near Cobb Island at the mouth of the Wicomico River in Charles County, Maryland, United States. As of the 2010 census, it had a population of 107. Rock Point was named for the rockfish, or striped bass.
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