VA loans El Paso TX Archives - HomePlus Mortgage

February 25, 2019

Published by HomePlus at February 25, 2019

Should I Go for VA Loans, El Paso, TX?

Just like in any other deals, there is no one-size-fits-all formula when it comes to VA loans, El Paso, TX. Each individual is different and so are his needs. A particular deal might be favorable for one but not for the other. That is why, if you are planning to apply for VA loan, it can be a great help if you consult a professional who can make an assessment of your unique case and can effectively walk you through the process of your mortgage application. Before you sit down with your mortgage broker or advisor, however, it makes sense that you have some idea about what you are getting into. After all, applying for a mortgage loan is one […]

December 23, 2020

Published by HomePlus at December 23, 2020

Why Many Consider VA Loans As The Best Way To Home-ownership For Veterans

Borrowers can apply for different types of mortgage loans. But for veterans, many consider VA Loans, El Paso, TX, as the best way to homeownership. They provide significant advantages, including the following: They require no down payment – Unlike any other type of loans wherein one needs to pay 5, 10, 20 percent or more for a down payment, VA loans, El Paso, TX, is an exception. With VA loans, one can finance up to 100 percent of the purchase price. Mortgage insurance isn’t a requirement – Usually, lenders require borrowers to pay for mortgage insurance when one makes a down payment that is less than 20 percent. However, with VA loans, insurance is not a requirement because the VA […]

February 24, 2021

Published by HomePlus at February 24, 2021

VA Loans, El Paso, TX – Why Applications Continue To Climb Despite COVID-19

Despite the worldwide havoc brought about by the COVID-19 pandemic, the applications for VA loans, El Paso, TX, continue to climb. In 2020 alone, the US tallied 1.2 million VA-backed loan originations – a whopping 11.4% increase from 2019. There are several reasons why the applications for VA loans, El Paso, TX, continue to soar, including the following: Reason #1: Blue Water Navy Vietnam Veterans Act of 2019 This new legislation went into effect on January 1, 2020, and has been considered one of the primary drivers why VA loans became more appealing in 2020. And why not? The law crosses out loan limits for most borrowers. Unlike before, VA borrowers who exceed maximum loan amounts do not need to […]