When looking to buy a home there are a number of lenders that can assist you in this process. As a veteran and someone related to one, it will be very beneficial to use the services of Flagship Financial which specializes in offering a number of home loan packages to veterans and their families. With the loans offered by this lender, veterans and their families will be eligible for low down payments, low interest rates and also a variety of different types of homes that they can purchase. Therefore using Flagship Financial is one company you can depend on when looking to get the best mortgage deal for your new home.
There are a number of people who are eligible for home loans from this company. First current active duty military personnel are eligible to get a home loan. Next spouses of military veterans and current active duty members are eligible. If you served during the wars such as World War 2, the Korean War, Vietnam War, Gulf War and current wars will qualify. Individuals who serve in the National Guard and reserves are also eligible to receive home loans for veterans.
When receiving a loan from this lender one of the top benefits is that you can get a home with a very low down payment. In fact you can purchase a home for as little as 5% down. As a result buying a home will be quite affordable and attainable for anyone who has served in the military. The low down payment options enable you to come up with very little money to not only purchase a home but also finance it as well. While the down payment is low it doesn’t prevent people from having manageable monthly payments on top of it. Therefore the low down payment options are something that you can count on when looking to buy a home with this lender.
Another benefit of home loans offered by this lender is the low interest rates. The rates offered by this lender allow military personnel the opportunity to finance their home at below market interest rates. Most of the rates are as low as 2.65% which will lead to low monthly payments throughout the entire mortgage. When getting a home loan one of the most important things to consider is the interest rate which can determine whether or not your loan is affordable or too costly. By getting a home loan from this lender you will never have to worry about a high interest rate because it offers some of the lowest interest rates available on the market.
When seeking a loan you will have the opportunity to purchase a wide variety of homes as well. These include condos, single family homes and also mobile homes and manufactured homes. Veterans and military personnel may also be able to purchase a unit of a duplex or other multi family property. Therefore military personnel can purchase any type of home they want with this lender.