Featured photo credit: https://www.nationalguard.com/careers/ground-forces The VA loan is one of the most powerful home buying tools available to those who qualify. A few benefits of the VA home loan are an option for ZERO down payment, no Private Mortgage Insurance, and lenient credit qualifications. There are specific criteria to qualify for the VA home loan, …
If you or someone you love has served our nation in military service, thank you for your service to our nation. Happy Veterans Day from Benchmark. The story of Veterans Day began on November 11, 1918, when the Allied nations and Germany went into armistice, bringing an end to “the war to end all wars.” …
Active duty service members move every 3 years on average. For military families, frequent relocation can create added stress, as you have to find new housing, coordinate the logistics of a move, and establish new roots in an unfamiliar place. At Benchmark, we want to help alleviate some of that stress, and help ensure a …
The Veterans Affairs office has made adjustments to the way VA Loans can now be done in these uncertain times.
Now, you could get a refinance loan for any term between 15 and 30 years! Get a better rate without "starting over". Benchmark presents: Odd Term Mortgages.
The fee amount depends on the type of veteran, whether you choose to put a down payment, and whether you have used the VA loan benefit before. Some people are exempt from having to pay the fee, and the VA has the last word on who is exempt.
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Lenders take a number of things into consideration when evaluating a VA loan application. While there isn’t a credit score requirement for participation in the VA loan program many lenders want to see scores north of 620, and at Benchmark Mortgage this number is 580 to move forward with a loan. There are other factors …
Many people have misconceptions about obtaining a VA loan. This comes from rumors of bad experiences and poor information. Now that you know the history of VA loans and how they work, here are a few things that service members looking to obtain a VA loan need to know:
Homeownership is the desire of many, in fact, a survey by the National Association of Realtors found that 87% of respondents saw Homeownership as part of the American Dream. With stats like those, it comes as no surprise that this American dream – the dream our military has served to protect – is a desire …
CNBC published an article on their Real Estate blog entitled, “‘Massive’ shortage of appraisers causing home sales delays” Below are a few quotes that summarize the story quickly, in case you don’t have the time or patience to read the article yourself. “The appraisal shortage is massive. You’re seeing significant delays, you’re seeing cost increases, …
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