Thursday, March 13, 2008

Calling All Veterans!

I just met with a lender that announced Bozeman's Road to Home money can be used with VA loans! This is an incredible opportunity for young veterans getting started in Bozeman. Road to Home program provides up to $20,000 in down payment assistance to qualified borrowers. The Road to Home down payment assistance is a second mortgage with unique features. It is not due until after the first mortgage is paid. This keeps those payments low, especially for just getting started.

VA loans are government guaranteed. VA does provide 100% financing to qualified veterans, plus financing for the fees associated with the loan. A veteran can use the VA program every time they buy a new residence provided the borrower is not currently paying on a VA loan. The new limit for VA loans is $1.5 million, up from the previous limit of $417,000. Certain restrictions apply to these larger loans.

If you are a veteran looking to buy your first or tenth home, I met the perfect lender for you. Please give me a call at (406) 585-5414 or send me an e-mail to Connie@BozemanMontanaProperties.com.

Happy house hunting!

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