Purchasing a first home is an exciting milestone in any person's life. For some, the process may also seem very intimidating. That's why our representatives are available 24/7 to help guide homebuyers and answer any questions they may have. Please don't hesitate to give us a call toll-free at (808) 465-3600 or start your quote online.
Typically, the first question would-be homebuyers ask themselves is, "What can I afford?" There are many factors that determine what a reasonable mortgage payment should be for an individual, including annual income, existing debt payments, down payment (if any), as well as additional costs like homeowners insurance and housing association fees. Veterans United provides a handy VA Loan Payment Calculator to help homebuyers find a monthly payment that's comfortable for them.
There are many financing options available for homebuyers out there, each with their own unique advantages. For most veteran and active duty military members, we at Veterans United highly recommend the federally-backed VA Loan due to its distinct benefits over traditional loans.
In addition to the VA Loan, Veterans United Home Loans is proud to offer several other financing options for homebuyers; including USDA loans, FHA loans, and traditional mortgages.
The first step toward securing your loan is getting preapproved. This involves a prequalification process, where a loan officer assesses the homebuyer's financial situation and determines what they qualify for, and is followed by the homebuyer submitting a completed loan application to the lender for approval.
When using a VA Loan, it's important to find a real estate agent that not only knows the intricacies of the VA Benefit Program, but also understands the specific needs of veterans and active duty military members. Veterans United has put together a nationwide network of military-friendly real estate agents for just this purpose.
The Guide to VA Homebuying
Browse our VA homebuyer education and resources page.
VA Home Loan Mortgage Payment Calculator
This free VA Home Loan calculator gives you a snapshot of what your monthly payments could be with a VA Loan.
VA Loan Glossary
Use our glossary to reference any unfamiliar terms or acronyms.
As a first-time homebuyer, you have many options when it comes to purchasing your home - including homes in high-cost areas. Learn about VA jumbo loans in our next section.