First and foremost, if you’re a veteran or an active-duty military personnel, HMS Capital thanks you for your service to our country. VA loans are backed by the U.S. Department of Veterans Affairs as a contribution to the brave Americans who have served the United States. VA loans provide military personnel the opportunity to establish roots and security.

Created in the 1940s, VA loans offered American veterans a chance to purchase a home for themselves and their families. Since military service is a demanding position, returning home to an established investment and residence is an important step to reconnecting with families and communities. There are several other benefits of VA loans that may apply to your situation and benefit you personally, and HMS Capital can help you through the process.

No Down Payment Required

Since down payments are a difficult hindrance for many home buyers to overcome, they can greatly deter the vast majority of individuals and families from attempting to purchase a home. One of the most attractive qualities of a VA loan is that the applicant is not required to provide a down-payment. Active duty can already be a strain on individuals and families, so VA loans make it easier for military personnel and veterans to become homeowners without financial hardship.

Several Loan Options Available

In addition to no required down payment, VA loans are provided to homebuyers in several forms. Whether you’re most comfortable with a 15-year fixed rate mortgage or a 30-year fixed rate, VA loans come with options. At HMS Capital it is our mission to help our clients explore their options and find what works best for their individual financial situation.

No Mortgage Insurance Fees

When loans are provided by private lenders and guaranteed by another agency, such as the FHA, often homebuyers will wind up having to pay a monthly fee to insure their loans. Fortunately, VA loans are simply guaranteed by the VA and this doesn’t require a monthly payment to be attached to the mortgage. For more information about VA loans and the options available to you, contact one of the professionals here at HMS Capital.

HMS Capital Inc. a dba of Best Capital Funding NMLS ID: 303222, CA DBO license #01846368, loans made or arranged pursuant to a California Finance Lenders Law license. Colorado NMLS #303222, regulated by the Division for Real Estate; Florida – License #MLD1214, Ohio – License #SM.502062.000; Oregon – License #ML-5410; Pennsylvania – Licensed as a first mortgage banker by the Department of Baking License #51518; Texas – NMLS #303222; Washington – Consumer Loan Company License #CL-303222