Are you a Veteran or Active Military? Use a VA Loan to Purchase your Home!

If you're a retired veteran or active military, you are eligible for the best mortgage program on the market today! A VA Loan. Benefits of a VA Loan are:

• No Downpayment Required -- 100% Financing (only program in today's market that offers this benefit)
  
• A 4% Seller Concession is allowed, to pay for certain closing costs (less out of pocket funds required at closing)
• No PMI (Private Mortgage Insurance) -- although an upfront funding fee is required and can be financed or paid by the seller concession
• Interest rates similar to FHA rates (yesterday's rates were under 5.50%!)

Prospective borrowers still need to qualify based on income and credit, and must live in the home as their primary residence. If you're furtunate to qualify for VA financing, take advantage of this great program to purchase your new home (or refinance to a lower interest rate). If you live in Dutchess or Putnam county, or anywhere in NY for that matter, contact me for a free consultation.