Whether you’re looking into VA home loans in Ann Arbor, Michigan or any other type of mortgage program, the experts with Gem Home Loans will be here for you. Trying to get a home loan can be frustrating, stressful and complicated. We work very hard to take all of that out of the equation. When you work with us, we will do everything we can to make you feel at ease, and also to make you feel confident in your final decision.

Should You Consider a VA Home Loan?

VA Home Loans Ann Arbor, MichiganThe short answer is, “Yes. If you qualify.” You have to either have served in the U.S. military, or you have to be the husband or wife of a veteran who is deceased. Not only is a VA loan easier to afford, there are several other advantages to pursuing one. Here are just a few.

  • You don’t have to pay mortgage insurance, like you would if you received a conventional loan. How is this possible? It’s simple. The U.S. Department of Veterans Affairs backs VA loans, removing that responsibility from potential homebuyers.
  • The credit requirements for a VA loan are much lower than for a conventional mortgage loan program. However, you have to have what would typically be considered at least decent credit. You’ll probably find it hard to obtain approval for a VA loan if your credit score is less than 620.
  • If you qualify, and you’re approved for a VA loan, you very likely will not have to put anything down. This will help you not only get into a home you might not have otherwise been able to afford, and you’ll build equity a lot faster.

There are some advantages to the VA home loan problem to be sure. But as good as it sounds, it’s not guaranteed that it will be right for your specific situation. That’s why you need to get in touch with a Gem Home Loans expert. We’ll gladly show you if a VA loan is the way to go, or you’d be better off pursing an alternative program.

More on Eligibility

The VA home loan program has been around since the 1940s. Since that time, millions of Americans have used it to find new homes that otherwise wouldn’t have been attainable. People can obtain VA loans more than once, and they never lose benefits. You can qualify for a VA loan even if you served decades ago.

As you might imagine, gaining eligibility for this kind of loan isn’t easy. You already know that you need to have either served in the military, or be the spouse of a deceased veteran. If you served, you must have done so for six straight months during peacetime, or three straight months during wartime. Contact Gem Home Loans and we’ll quickly tell you if you are eligible for a VA loan.

Get in Touch with Gem Home Loans for More Information

The professionals with Gem Home Loans will be more than happy to tell you all about VA home loans in Ann Arbor, Michigan. We’ll also be able to help you explore other options if need be. All you need to do is give us a call at (248) 780-1030 or contact us online. We look forward to hearing from you.