Another very important option is for Veterans. There are special Loan programs for those who have served in the US Military. VA Loans are wonderful with up to 100% financing and a very low rate. Veterans will need their DD214 form. Most lenders can help them with this and can help them know quickly what benefits are available to them. They can loan on difficult properties and can often times have a bit of leniency on credit issues depending on the circumstances. It is important to know all your options. If you served or have a spouse that served this could be a wonderful option to save you money on a loan. Many people overlook the shopping aspect and tend to approach a single lender. As a result, these people will probably get their “dream” home, but it may come with a substantially higher monthly mortgage payment than if appropriate and adequate research had been done.
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