Putnam County VA Home Loan Attorney

Putnam County VA Home Loan Attorney

VA Loan Attorney in Brewster, NY

Serving the country as a member of the Armed Forces is a major sacrifice for an individual and their family. Many times, serving in the military requires relocation to various duty stations over the course of this period of service. One of the benefits that service members are afforded is the ability to purchase a home using a VA loan. This type of loan can be used to purchase a home at a low-interest rate and without having to use a down payment. If you are considering buying a home with a VA loan, it is important that you have an attorney on your side that understands the intricacies of this type of loan. At the Law Offices of Andres D. Gil, PLLC, we have the skill and experience it takes to effectively represent you throughout the purchase process. Attorney Gil is a member of the Army Reserves and can provide you with the guidance necessary to help you buy the home of your dreams. Contact our office today to learn how we can help.

Purchasing a Home with VA Home Loan Guarantee

Purchasing a new home is an exciting yet stressful time. When exercising your VA benefits to secure a mortgage there are several issues unique to the process. It is important to hire an attorney that is aware of and has experience executing this type of purchase. A VA secured mortgage does not require you to purchase mortgage insurance or make a down payment. As such, the processing of a VA secured mortgage requires additional documents and inspections unique to these types of loans. Many real estate attorneys do not regularly handle this type of transaction and are unaware of the requirements. This could delay the process of securing your family’s dream home. In addition, many counties and certain school districts in New York State offer Veteran discounts on property and school taxes. It is important to file the required documents as close to the closing date to maximize this benefit.

Eligibility for a VA Loan

VA Loans are not available to just anybody. In order to be considered eligible for financing through the VA, you must fall into one of the following categories:

  • You have served 90 days of active duty during wartime
  • You have served 181 days of active duty during peacetime
  • You have served 6 years in the Reserves or the National Guard
  • Your spouse was killed in the line of duty and you did not remarry

Benefits and Limitations of VA Loans

There are a wide variety of benefits to being able to use a VA Home Loan when purchasing a house. It is important to be aware that not only does the VA loan apply to active duty military personnel, it also applies to veterans and some other groups. A few benefits to the VA loan include the following:

  • No requirement to make a down payment, saving you thousands of dollars
  • No requirements to acquire mortgage insurance
  • Closing costs are limited by the VA

Contact a VA Home Loan Attorney

If you need an attorney to walk you through the process of purchasing a home with a VA loan, you can count on the Law Offices of Andres D. Gil, PLLC. Attorney Gil is a member of the Army Reserves and has years of experience proudly representing other service members and veterans when they face legal matters. Having an attorney who understands the ins and outs of the VA loan process is critical to ensure your rights are protected. Contact our office today to learn how we can help.

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