An overview of closing cost assistance for VA loans

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Video Description:

Even though VA loans don't require a down payment, you will still need to save up money for the closing costs. However, there are assistance programs out there that can help veterans, just like you, pay for these so you can get into a home sooner.

Closing cost assistance programs for servicemembers can be found at the local, state, and federal levels, as well as from private organizations. The best way to find a program is to do an online search for "closing cost assistance programs for veterans in ______"; just make sure you plug in YOUR state. You can also check out any of the following links:

*https://militarybenefits.info/veteran... has compiled a list of state programs and is a good place to get started.
*If you're looking to buy in Iowa: https://rmniowa.com/all-about-the-500...
*If you're looking to buy in California: https://www.mil-loans.com/va-closing-...
*If you're looking to buy in Virginia: https://www.virginiahousing.com/partn...
*If you're looking to buy in Utah: https://veterans.utah.gov/fthb/
*The Military Housing & Assistance Fund (MHAF) also offers closing cost assistance in 48 out of 50 states: https://usmhaf.org/
*Programs for disable veterans can be found at: https://penfedfoundation.org/about-us/

In addition, VA loans come with inherent benefits, such as a waived funding fee for disabled veterans, no down payment requirement that allows you to save up for closing costs faster, limits on what closing costs are allowed, seller concessions, and more!

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About Low VA Rates:

Low VA Rates is a VA-approved mortgage lender that was built out of a desire to help veterans access their VA home loan benefits. With over 10 years of experience specializing in the VA loan, you can trust the Low VA Rates team to help you find a mortgage with great rates and terms.

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This video is not intended for residents or homeowners in the states of NY or MA.