Mortgage Blog

Happy Veterans Day!

Happy Veterans Day! November, 11 2012

Veterans hold a special place in the hearts and minds of all residents of the United States. Regardless of your political stripes, nearly all of us know someone who has served with honor in the armed forces. Veterans face many challenges when they return home from housing to jobs. Fortunately, there is a new jobs program that is designed to help vets get a fair shot at open jobs and fortunately, many veterans are eligible to take advantage of Naples VA home loans.


The advantages of VA Loans

Loans that are backed by the Veteran’s Administration offer a whole host of advantages for those who are eligible. Some of these include:

  • No/low down payment – In many cases, Naples VA loans may be eligible for no down payment or a very low down payment. This means that more of our men and women who are serving or have served in the armed forces can purchase a home without worrying about draining their savings account;
  • Higher debt to income ratios – While most standard Naples home mortgages require debt to income ratios that are not in excess of 41 percent, Naples VA loans can have debt ratios up to 55%. These ratios are for eligible veterans loan applicants who have a demonstrated ability to repay the loan they are seeking;
  • Higher loan amounts – In Naples, VA loans can be secured with no down payment for properties that are valued as high as $417,000. Always keep in mind you can have more than one VA loan, you don’t have to pay off one loan before you secure a second one;
  • Closing costs capped – Naples VA loans also have another feature that is not available to other borrowers and that is with lower closing costs. The VA has specific caps on closing costs for all who are eligible for VA loans. If a purchase transaction, the seller can pay up to 4% of the purchase price towards the buyers closing costs.


Core Mortgage Financial is your source for Naples VA loans. We are uniquely positioned to help the men and women who have served or who are serving in our armed forces. We will help you by getting your certificate of eligibility, finding the right VA loan for your needs and serving you as you have served us. We are committed to helping all members of our armed forces find the right home loan for their needs. We take great pride in having several team members who understand the challenges facing our veterans because they are veterans. We consider ourselves leaders in the VA mortgage industry all over Collier county and all over Florida. Thank you again to all the men and women who have served or are serving in the armed forces. Happy Veterans Day to all our veterans and their families on this special day!


If you are seeking to purchase a home in Naples, Florida, we have Naples VA loan mortgage specialists standing by to take your call 24 hours 7 days a week. Please do not hesitate to call us NOW at (239) 514-2674.

Disclaimer: Rates, Programs, guidelines are subject to change without notice. NMLS #1743702


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