A local veteran was looking for a home loan on a newly constructed manufactured home project. He had up to 5 percent down. He also has acceptable income, debt ratios, and credit. The project total cost was $300,000, including land, the new home, and improvements. A 95 percent conventional manufactured home loan would require 5 percent down, or $15,000 plus closing costs (approximately $7,000). The mortgage insurance would be $373.50 a month.<\/p>\n

By using VA, the veteran was able to keep his down payment for a rainy day, get 100 percent financing, and only had to pay closing costs of $7,000. This VA loan did not have mortgage insurance and because he has a VA disability, his loan funding fee was waived. This veteran and his family saved $15,000 out of pocket<\/strong> and has a payment that is over $350 a month less<\/strong> than a conventional payment.<\/p>\n

Hey Veterans!<\/strong><\/p>\n

With your service you earned the right to use this fantastic loan.<\/strong>\u00a0The VA loan is available on all types of housing, for purchases or refinances.<\/p>\n

Ask your lender or realtor to show you the VA Option.<\/strong><\/p>\n

Disclosure: This is a true story about a real veteran and his home purchase project. VA Borrowers must qualify with their income and credit. If this veteran did not have a disability, then he would have paid the VA funding fee that could be added to the loan. Ask your lender for a breakdown.<\/p>\n","protected":false},"excerpt":{"rendered":"

A local veteran was looking for a home loan on a newly constructed manufactured home project. He had up to 5 percent down. He also has acceptable income, debt ratios, and credit. The project total cost was $300,000, including land, the new home, and improvements. A 95 percent conventional manufactured home loan would require 5 […]\n","protected":false},"author":1,"featured_media":2974,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[19],"tags":[30,32,31,29],"_links":{"self":[{"href":"https:\/\/veteranshelpnet.com\/wp-json\/wp\/v2\/posts\/2922"}],"collection":[{"href":"https:\/\/veteranshelpnet.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/veteranshelpnet.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/veteranshelpnet.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/veteranshelpnet.com\/wp-json\/wp\/v2\/comments?post=2922"}],"version-history":[{"count":1,"href":"https:\/\/veteranshelpnet.com\/wp-json\/wp\/v2\/posts\/2922\/revisions"}],"predecessor-version":[{"id":2924,"href":"https:\/\/veteranshelpnet.com\/wp-json\/wp\/v2\/posts\/2922\/revisions\/2924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/veteranshelpnet.com\/wp-json\/wp\/v2\/media\/2974"}],"wp:attachment":[{"href":"https:\/\/veteranshelpnet.com\/wp-json\/wp\/v2\/media?parent=2922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/veteranshelpnet.com\/wp-json\/wp\/v2\/categories?post=2922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/veteranshelpnet.com\/wp-json\/wp\/v2\/tags?post=2922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}