Video transcript: Veteran Affairs (VA) loan

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On screen:

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On screen:

A Closer Look at VA Loans

On screen:

Chris, Mortgage Banker

Chris:

A VA loan is a loan that gives the members of our armed services a great mortgage option with little to no money down.

On screen:

Mandy and Marie, homebuyers

Marie:

Initially we did a lot of research on rates,  different offers.

Mandy:

We started talking to a banker because our realtor had recommended someone. She knew about my previous military history and she recommended like, you know, "You should use your VA loan, it's a good loan for people."

On screen:

Greg, Mortgage Banker

Greg:

You can be actively serving the country in the military. You can also be a veteran.

Chris:

One of the things you have to get is a COE or a certificate of eligibility, okay. That's going to really tell the tale of what they're eligible for and things like that.

Greg:

And then you also need your W2s, pay stubs, bank statements, you know, the basic income information that we would need to qualify you.

Chris:

The bigger perks are you can do a VA loan with no money down as long as your entitlement's there. And there's no PMI on a VA loan.

Greg:

It makes it real what we do to help people buy homes. And these are real people because when you really take a step back and you help a veteran like that, that's someone that's serving your country. It's just the most joyous transaction you can be a part of.

On screen:

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