Home Loan Benefits for Veterans

With a VA home loan, service members can borrow money from a civilian lendingsource, such as a bank, credit union or mortgage company. These loans differfrom conventional loans in that:

The VA guarantees the lending source payment of the loan, if you default The fees you have to pay at closing are reduced The amount of your down payment is often reduced You may be able to qualify to borrow more money, enabling you to buy a

larger home You may qualify for a lower interest rate You don't have to buy private mortgage insurance

Besides purchasing a home, condominium, townhouse, you can also use a VAhome loan to:

Refinance a current VA home loan for a lower interest rate or to take outequity

Build a new home Remodel, or repair an existing home

For more information please visit www.americanheromortgage.com