Blog

VA Loan: Great Benefit for Those Who Have Served Their Country

VA Loan: Great Benefit for Those Who Have Served Their Country

February 17th, 2015 | Appraisals, VA Loans

The VA home loan program is an incredible benefit for those who have served our country. This flexible financing option offers competitive interest rates and is one of only a few sources of no down payment home loans available today. Here’s something else you may not know: It’s designed to protect veterans by making sure the home they are purchasing meets certain standards.

The VA does this through an appraisal process. The goal is to ensure that veterans pay a fair price for their home and are purchasing a property that is structurally sound. There are generally two parts to VA appraisals:

The property’s value. A qualified appraiser will consider sales of similar properties in close proximity and the home’s size and features, among other factors, to estimate its value. The goal is to make sure a veteran doesn’t borrow more than their property is worth.

The property’s condition. Minimum Property Requirements are used to make sure the property being purchased meets certain standards, such as having a working furnace and a roof that’s structurally sound. These requirements aren’t meant to replace a home inspection. That’s always a good idea for any home purchase.

Have questions about a VA mortgage in Utah? We’re here to help you understand this great benefit designed for those who have served their country!

Advanced Funding Logo



Your Mortgage Broker

As a mortgage broker in Utah, we work with several mortgage lenders, enabling us to offer you a variety of Utah mortgages and refinance home loans at the best mortgage rates and lowest fees available. Working with several lenders allows us to offer more home loan options to help you achieve your goals. Whether you're buying a home or refinancing, Advanced Funding is here to help. Our mortgage loan officers are available to help you during regular business hours or a time that is more suitable to your needs. Call today for more information, 801-272-0600.

Experience Matters

As one of the most trusted and respected mortgage companies in Utah, Advanced Funding Home Mortgage Loans offers a variety of purchase mortgage and refinance products. Our licensed mortgage brokers are both knowledgeable and experienced to ensure you a pleasant home loan experience at the best interest rates available. We combine the use of technology, impeccable service, a dynamic management team, along with a well-trained, and experienced staff to produce results, such as great mortgage rates, low fees, and most importantly, a fast and pleasant loan experience.

Advanced Funding Home Mortgage Loans
6589 South 1300 East, Suite 200
Salt Lake City, UT 84121

Better Business Bureau Seal

NMLS ID 13287 | Privacy Policy | Licensing | Employee