VA Loan Towson Maryland
VA Loan Towson Maryland
How Does A VA Home Loan Work in Towson Maryland?
We pride ourselves on being the #1 VA Loan lender in Towson Maryland. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Towson Maryland real estate market. We are serving all of Towson Maryland zip-codes including zip code 21093, 21204, 21209, 21210, 21212, 21239, 21252, 21286 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.
VA Home Loan Towson Maryland
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What Is A VA Loan?
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.
What are the VA Home Loan Requirements?
To get a VA loan in Towson 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:
- You are an active-duty service member or an honorably discharged veteran who has 90 consecutive days of active service during wartime or 181 days of active service during peacetime.
- You have served more than six years in the National Guard or the Selected Reserve.
- You are the spouse of a service member who died in the line of duty.
When applying for a VA loan in Towson, 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.
Key benefits of VA Home Loan that we provide
- Eligible homebuyers are not required to have a down payment in most cases – typically cited as the greatest benefit of a VA Home Loan
- No monthly mortgage insurance premiums or PMI to pay.
- Lower average interest rates than other loan types.
- No prepayment penalties.
- Limitation on buyers’ closing costs.
Loans Custom Built for Real Estate Investors
The nations #1 Lender for Fix and Flip and Fix To Rent Investment Loans
Fix & Flip Loans 90% LTC and up to 100% of fix up costs.
Not just a Towson VA Loan, we are offering the following loans as well:
About Towson Maryland
Introduction to Towson, Maryland
Towson is an unincorporated community and a census-designated place in Baltimore County, Maryland, United States. The population was 55,197 as of the 2010 census. It is the county seat of Baltimore County and the second-most populous unincorporated county seat in the United States.
Towson is in Baltimore County and is one of the best places to live in Maryland. Living in Towson offers residents an urban suburban mix feel and most residents own their homes. Many young professionals live in Towson and residents tend to have moderate political views. The public schools in Towson are highly rated.
- Hampton National Historic Site – Historic plantation with gardens & tours
- Lake Roland Park – Park and garden, lake, birdwatching and nature
- Fire Museum of Maryland – Museum
- Paw Point Dog Park – Park and garden
- Loch Raven Reservoir – Scenic water reserve with fishing & more
- Cromwell Valley Park – Trails for wildlife & nature viewing
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