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Historic Lower Rates For VA Loans

homes062914-2Tony Dias
Branch Manager
Veterans United Home Loans of Hawaii
USMC Veteran
NMLS #222836

Veterans! Interest rates are at historic lows across the board nationally, and VA Loans are no exception. So if 2015 is the year you are planning to buy a home, it’s time to get started and lock in a rate before they start inching up again.

Also, keep in mind that inventory at the most desirable price points and in the choice locations will be depleted as buyers start taking advantage of the favorable rates. This applies to the lower priced starter homes and the generally higher priced single family homes in the most convenient neighborhoods in terms of proximity to schools and shopping.

We suggest that you talk to both your Realtor and a Veterans United VA lender this week to discuss making the big move into home ownership and taking advantage of your VA Loan benefit.

Keep in mind that Realtors will probably suggest that you get pre-qualified for a loan in the price range you can afford based on your income and amount of the monthly mortgage payment.

There are no better terms available than what you are entitled to as a veteran, such as no down payment, no private mortgage insurance, flexible terms, relaxed credit scores, and excellent refinancing options. VA does not have a minimum credit requirement, whereas most other lenders will want to see a credit score of at least 620.

In the interest of making home ownership ever more accessible to veterans, the VA has recently relaxed restrictions on loans for the purchase of homes with unpermitted features.

If you already own a home that you purchased with a VA Loan and want to take advantage of our Streamline refinance program, contact one of our lenders to find out just how much you could save. If you have a mortgage loan from another source, you may still be able to take advantage of your VA benefit by refinancing into a VA loan.

Who is eligible for VA financing? Service members and veterans who meet the basic eligibility requirements include those who have served 90 consecutive days on active duty during wartime or 181 days during peacetime, or who have served in the National Guard or Reserves for a minimum of six years. Surviving spouses of service members who have passed away due to a service related injury or have passed away after sustaining a permanent disability for a minimum of ten years may also be eligible.

Veterans United has continued to reach out to Hawaii veterans through an ongoing program of free monthly VA Home Loan seminars. Offered on Oahu and the Neighbor Islands, the educational seminars acquaint veterans and their families with the advantages of buying a home with a VA Loan. We have pledged to continue the program until every hopeful homebuyer in Hawaii who has worn the uniform uses their VA Loan benefit.

Veterans United Home Loans of Hawaii is the State’s Number One VA dedicated lender. Just last year we loaned over $267 million and helped more than 570 veteran families achieve their dream of home ownership in Hawaii.

Our main focus and strength will always be VA loans, but we are now able to offer an array of additional services and sources of information facilitated by the latest digital technology. Information of interest to veterans planning to purchase a home can be accessed through social media such as Facebook, Twitter, YouTube, and Google+, as well as at our own website,

We invite anyone considering applying for a VA loan to make an appointment to meet with one of our experienced lenders by calling 677-5626. They will analyze your current financial picture and come up with the best plan to help you achieve the goal of homeowner-ship. There is no cost for a private consultation with a Veterans United lender, and there is no time like the present to start the planning process.

“You’ve served our country. Now let us serve you.”

Upcoming VA Loan Seminars

Veterans United seminars include Powerpoint presentations & free workbooks. Question and answer periods follow the presentations. For more information and directions, call 677-LOAN (5626).

Tuesday, February 5
6 8 pm
Veterans United Home Loans of Hawaii Educational Center

94-539 Puahi St., 2nd Floor Waipio, HI 96797

Thursday, February 19
6 8 pm
Veterans United Home Loans of Hawaii Educational Center

94-539 Puahi St., 2nd Floor Waipio, HI 96797

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