- Mentor Coaching
If you are active duty military or a veteran, you may qualify for a loan guarantee from the United States Department of Veterans Affairs. This is one of the oldest and most popular federal assistance programs. The VA doesn’t actually make direct loans, but, they do provide the ”guarantee to pay’ aspect of your loan, in case you are unable to pay. In many instances, the loan guarantee replaces the down payment, allowing you to purchase a property with no money down. As with all government programs, there are quite a bit of rules and regulations regarding exactly who is eligible, the type of property, the size of loan amount, and so forth. Contact your local VA offices for more details. But, securing a loan guarantee allows you to keep that down payment in your pocket.
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