VA Loan / Veteran Mortgage News
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MAY 2004
Best Deal in Town is still Zero Down VA Loan
In the past 60 years since the start of the GI Bill, The VA home loan program is still as popular
as ever. The Department of Veterans Affairs home loan program (VA Loan) generated 489,400
loans totaling more than $63 billion in fiscal year 2003. The VA Loan has stood the test of
time for the following reasons:
- The loan requires no downpayment. The VA limits the amount of origination fees and closing costs that can be charged.
- The loan is available to most veterans, active duty service members, reservists and members of the public health service.
- There is no PMI or private mortgage insurance.
According to VA statistics, 91% of VA buyers skip the downpayment, the typical household
maintains an annual income of $50,000, the average age of borrowers is 39, and only 9 percent
of VA mortgage holders are women.
At
VALoans.com, we are here to assist you every step of the way with your VA home purchase.
While many veterans go to their local banks, savings & loans or credit unions to obtain their
VA loan, these companies usually are not equipped with full time VA underwriters and appraisers
on staff ready to assist you like we can. We strive to give each and every Veteran customer the
personalized service that they deserve. It is for that reason that we aim to be the largest
VA lender in the country and ask that you give us a try. We can be reached toll free at
1-877-832-9347 or online at
www.valoans.com.
Hiring Increases as Economy Grows
Strong economic growth in 2004 is translating into job growth. Companies see better prospects ahead, and are buying new equipment and hiring workers.
America has worked through the excess hiring by technology firms at the end of the 1990s. Companies once again are profitable, and ready to grow.
Additionally, U.S. manufacturing is recovering. Employment at factories should increase this year, after almost four years of losing jobs.
Our economy is finally back to growth levels last seen in 2000. Robust economic activity is expected both this year, and in 2005.
Interest rates also are rising, now that low rates no longer are needed to stimulate the economy. But they aren't expected to rise quickly or sharply, since the Federal Reserve doesn't want to throw cold water on the recovery.
Cash Back Bonuses For Veteran Home Buyers and Sellers
Work with the best Century 21
®, Coldwell Banker
®, and ERA
® Real
Estate Agents in your area.
VALoans.com has access to a network of these agents in your area who are currently offering cash
back up to $1,000 to veteran home buyers and sellers in most states when you buy or sell your home.
Whether you are Buying, Selling, PCSing, or simply relocating, this program gives you the incentives
and hassle-free levels of service that are unmatched in the industry. And the best part of all is
that it's FREE. This service provides Veterans and Active Duty Military:
- A dedicated Real Estate Coordinator to help you BUY SMART, SELL SMART and MOVE SMART.
- A Welcome Package available on Request containing a Buying Smart Checklist, Interior / Exterior Checklist, and a Moving Day Planner on exactly what needs to be done prior to moving.
- Free reports available on Request on school and community information in desired areas and selected neighborhoods of your choice.
- CASH BACK BONUS of up to $2,000 based on the sale of your home and the purchase of a new home utilizing our real estate services. (Up to $1,000 for the sale of your current home and up to an additional $1,000 for the purchase of a new home). * Available in most states.
There are no fees or any hidden costs in order to utilize this program. It is a complimentary
service available exclusively for VALoans.com customers. You must register in our program and
be assigned an agent by us in order to qualify for the cash back offer. Please check with your
assigned Real Estate Consultant or call us.
VALoans.com Referral Network / Cendant Mobility
8081 Royal Ridge Parkway #200
Irving, Texas 75063
Toll-free: 1-800-258-4870
Collect: 1-972-870-2700
Please identify yourself as a VALoans.com client
Hours of Operation
M-F: 7:30 am - 6:30 pm (CST)
Strong Home Sales
America's vigorous economy will keep home sales moving at a fast pace this year. Buyers will find that adjustable-rate mortgages and interest-only payment options keep their housing costs affordable as rates trend upwards.
Contact us right away if you're dreaming about buying a new home. We'll help you find a home loan that allows you to purchase the house you want.
Waiting to purchase could mean that both home prices and mortgage rates are higher when you buy. Act now to enjoy our historically low mortgage rates!
Golden Years on Hold
A recent national survey highlights that many Americans are not saving enough. The Retirement Confidence Survey shows that fewer than three out of five U.S. workers currently are putting funds away for the future.
Additionally, 45 percent say their household's total assets, not counting the value of their home, is less than $25,000. Several reasons account for this situation:
- Many Americans expect to work past the normal retirement age. More than two-thirds say they'll work beyond age 65. Yet almost 40 percent wind up leaving the work force earlier than they planned to. Unexpected health problems or downsizing by their employer contribute to this trend.
- We also tend to believe our expenses will fall drastically once we're no longer working. But financial advisors find retirees need about three-fourths of their pre-retirement income each year.
- Social Security's contribution often is over-estimated. More than half of all workers believe they'll be eligible for full benefits at an earlier age than they actually will be.
Fortunately, owning your home can provide stability for your household in retirement. Contact us to go over how your home loan fits into your family's financial plan.
The GI Bill Can Change Your Future.
We have partnered with the following schools and service providers. Visit their content centers and
fill out an instant inquiry to receive more information!
At AIU, our students can benefit from our experienced instructors, our blended campus and online learning option, our dedicated Career Services staff, and financial aid available for those who qualify.
More information: American InterContinental University
Welcome to Colorado Technical University Online, where you can earn a career-relevant Associate's, Bachelor's, or Master's degree in a convenient online format that fits your life. Come see how CTU Online can help you each your academic and career goals!
More information: Colorado Technical University
The Art Institutes
People who can innovate are in demand as never before—because the world needs new ideas like never before. To take your place in this new world of possibilities you should start with the kind of focused education you'll find at an Art Institutes school.
Grand Canyon University
Grand Canyon University offers online and campus-based bachelor's and master's degree programs through the Ken Blanchard College of Business, College of Education, College of Nursing and Health Sciences, and College of Liberal Arts.
Kaplan University
Kaplan University is an institution of higher education where you will find online courses that allow you to study anytime, anywhere with an Internet connection - 24/7. Kaplan University offers online bachelor's, master's, and associate's degrees, and certificate programs in some of today's most in-demand fields.
Strayer University
At Strayer University, we proudly welcome active duty military students, veterans, and their families. Established in 1892, Strayer University offers students a quality education that's flexible so you can balance your educational goals with the demands of your military service.
