VA Loans were established as a part of the GI Bill to help make home ownership more affordable for active duty US Military and Veterans. If you have served, or are currently serving in, the U. S. Armed Forces you may be eligible for a VA Loan.

Key Benefits of VA Loans: 

Some of the key benefits Veterans and active US Military can take advantage of are:

• Option of zero down financing- VA Loans are one of the only loan programs that allow borrowers to finance 100% of the home’s value and purchase with $0 down. Zero down financing is a huge benefit to veterans, especially first time homebuyers. Most conventional loans will require a minimum of 5% down, and in many cases as much as 10% and 20%.
• Lower monthly payments- With VA loans, you don’t have to pay mortgage insurance. Most loan programs require you to pay this additional monthly expense when financing more than 80% of the home’s value. Eliminating this expense allows for a lower monthly payment.
• Getting qualified is easier- Because VA loans are government backed, banks relax their guidelines so that VA loan applicants have a better chance at qualifying for home financing.owner.
• No pre-payment penalties (Eligibility requirements do apply.)
• Already have a VA Loan? Ask about our Patriot Plus Program that can refinance your existing VA loan quickly into a lower rate and payment.

Shore Mortgage has been proudly offering VA Loans for over a decade. Find out if you can benefit from a VA Loan. Call 855-SHORE-55 to speak to an experienced VA Loan Officer today!