The Santa Maria & Lompoc CA real estate market is as diverse as its setting. Whether you enjoy having your backyard sit atop cliffs overlooking the dazzlingly blue ocean that stretches out as far as the eye can see, or if you prefer the coziness that a more suburban neighborhood has to offer, the Central Coast areas of Santa Maria and Lompoc are your California destinations. Locales in the central coast are as varied as the homes built there.
The VA Loan Program serves as a guarantor on loans made by private lenders such as banks, savings and loans and mortgage companies.
The guarantee means a lender is protected against loss and therefore does not require a down payment allowing more favorable financing terms.
Any further questions can be answered by Tni LeBlanc at Mint Properties. She is an experienced REALTOR® that can guide you through the complex field of VA home loans.
Homes for Sale Near Vandenberg Air Force Base
VA LOAN BENEFITS RECAP
The most popular VA benefit for more than 29 million veterans and service personnel, who are eligible to receive benefits, is the VA Loans Program. Several reasons buyers desire the guaranty of a VA Loan Program are as follows:
- Allows qualified buyers to purchase a home with no down payment
- There are no monthly mortgage insurance premiums
- Limitations on buyer’s closing costs
- Offer financial counseling
To be eligible for the VA Loan Program you must be a Veteran who has served active duty and have a discharge other than dishonorable after a minimum of 90 days of service during wartime or a minimum of 181 continuous days during peacetime.
The VA Loan Program serves as a guarantor on loans made by private lenders such as banks, savings and loans and mortgage companies. The guaranty means a lender is protected against loss and therefore does not require a down payment allowing more favorable financing terms.
Any further questions can be answered by Tni LeBlanc at Mint Properties. She is an experienced REALTOR® that can guide you through the complex field of VA home loans.
