You Served Us, Let Us Serve You

If you’re a veteran, you’ve probably heard of VA home loans. But do you know exactly what it takes to get one? And what the benefits are when you do? Here at Liberty Lending, we’ve got years of experience providing veterans in the St. Louis area with VA home loans, so we know how to break it down. Here’s the formula for VA home loans:

Service Record + Credit Score + Income Level = No Down Payment, 100% Financing, and Great Fixed Rates

Let’s explore how everything comes together. First, this is what goes into a VA home loan.

Service Record

When applying for a VA home loan, one of the first things you’ll need to provide is your proof of discharge. Your benefits might vary based on how many years you served and the rank that you achieved.

Credit Score

Next, you’ll need to provide your credit score. To qualify for a VA home loan, you’ll need to have a score of at least 620. Don’t worry if you’re not quite there – we’ll not only help you explore other options but give you tips on how to improve your score for the future.

Income Level

Your income level will also help determine the exact terms of your home loan. To prove your income, you’ll need to provide a W2 along with recent pay stubs.

Once you’ve got all of these things together, it’s time for the best part of a VA home loan – the results.

No Down Payment

One of the best benefits of a VA home loan is something it doesn’t require – a down payment. This makes it easier for veterans in almost any financial circumstance to finally move into the home of their dreams.

100% Financing

When you qualify for a VA home loan, it’s the only home loan that you’ll need. Not only does that make things less complicated, it most likely means that you’ll end up with a better overall deal.

Great Fixed Rates

One of the most important parts of any home loan is your rate. VA home loans are set up in a way that makes sure veterans have access to rates that won’t change over 10, 15, or 30 year periods. This helps with both long term budgeting and overall savings.

When it comes to VA home loans, it might seem like there are a lot of moving parts. But when everything comes together, the sum is something that can benefit those who have made the sacrifice to serve our country. At Liberty Lending, we’ve always been committed to helping these courageous men and women in the St. Louis area get the best results from their home loans. If you’re looking for more information, fill out our online form or call (314) 336-9111.