• Joe Pekula

5 Reasons We Recommend VA Home Loans To Your Borrowers


For your qualifying borrowers, a VA Home Loan can be one of the best mortgage options available.


The VA Home Loan program was created in 1944 as part of the GI Bill of Rights to assist in a post-war recovery to those who served during World War II. The United States government wanted to create a way to help Veterans establish credit and build strong financial standing beginning with homeownership as the foundation.


Although the VA plays an integral part, the VA does not actually provide VA Home Loans to borrowers. They insure them for lenders, such as Princeton Wholesale, that provide this great opportunity for Veterans and Active Military members.


The VA Home Loan is a great opportunity for our Broker Partners and their Borrowers for a number of specific reasons. Here are the top 5 reasons, Princeton Wholesale believes Brokers should urge Veteran and Active Military borrowers to take advantage of this benefit:


1. Your VA Home Loan borrowers are not required to make a down payment

Many home loans require a down payment, but the VA Home Loan is the exception. The VA Home Loan can be financed by the qualifying borrower up to 100% of the entire purchase price.


2. There is no Mortgage Insurance (MI) responsibility to your borrowers

VA Home Loans are already insured by the United States government if a borrower defaults. This means there is no need for Private Mortgage Insurance (PMI) to be placed on the mortgage.


3. The United States government guarantees the VA Home Loan

Every VA Home Loan is guaranteed by the United States government. This guarantee means a portion of the loan amount will be repaid to the lender even if your borrower is unable to make monthly payments.


4. VA Home Loans have easier qualification guidelines

The VA wants to make sure VA Home Loans are easily accessible for Veterans and Active Military, so the guidelines tend to be more flexible because of the VA Loan Guaranty. However, like all mortgages, sufficient documentation, credit, and income will still play a major part.


5. Your VA Home Loan borrower will have lower closing costs

The VA places a cap on the closing costs lenders can charge to qualifying borrowers. These savings can be used to assist in moving costs, new furniture, repairs, and more.


These are our top 5 reasons we recommend Broker Partners urge their qualifying borrowers to look into a VA Home Loan. In addition to these, there are many other benefits that make this mortgage product attractive to Veterans and Active Military Borrowers.


To learn more about VA Home Loans through Princeton Wholesale, visit our VA Loans Product Page, run a scenario through our Ask Underwriting desk, or talk to your Account Executive.


Throughout July 9th, Princeton Wholesale’s Broker Partners are able to take advantage of our VA Loan Special giving 0.75 on VA Purchases and 0.50 on VA Refinances – Get started by logging into the Princeton Portal.




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