Going straight home is a privilege, one which you can get today!

VA Home Loans

The VA Loan in Maryland provides veterans with a federally guaranteed home loan which requires no down payment. This program was designed to provide housing and assistance for veterans and their families.

The Veterans Administration provides insurance to lenders in the case that you default on a loan. Because the mortgage is guaranteed, lenders will offer a lower interest rate and terms than a conventional home loan. VA home loans are available in all 50 states. A VA loan may also have reduced closing costs and no prepayment penalties.

Additionally, some services may be offered to veterans in danger of defaulting on their loans. VA home loans are available to military personnel who have served 181 days during peacetime, 90 days during war, or a spouse of serviceman either killed or missing in action.

VA loans, Maryland: paying homage for your service

The YM-Genie is proud to be a part of the most powerful mortgage option that makes it simple for veterans, active military, and surviving spouses to call someplace their home.

The benefits behind the VA loans are those that are not found in any other mortgage options. This is primarily the reason behind their increasing volume over the last 15 years. Let’s take a look at how it is a testament to our appreciation for those that are serving our country.

  • Zero down payments: veterans and service members can now buy a house with no down payment. Since they are constantly moving, building a credit score can be difficult, which makes this option a godsend.
  • No private mortgage insurance: VA loans do not require typical monthly mortgage insurance. This offers veterans to enhance their buying power while saving some money as well.
  • Low-interest rates: VA loans actually allow veterans to save money. The interest rate for VA loans is usually 0.5-1 percent lower than market rates.

The benefits as mentioned above barely scratch the surface of the brilliance of VA loans in Maryland. Visit us today to get the full details, and allow us to thank you personally for your service!