As an active, former or retired military member, you have access to unique lending programs that are off limits to other borrowers. These programs may allow you to purchase homes easier and at more affordable rates than what other lenders offer.
However, you need to find out if you qualify for them. You can meet with an experienced broker to learn about and apply for financing like a VA home loan in Massachusetts.
Verifying Your Service Record
When you meet with a broker who can arrange for this type of financing, you may get assistance in verifying your service record. You may need to have served for a certain number of months to qualify for the loan. You also may need to have been discharged generally or honorably.
You can provide proof like your DD-214 to your broker. This broker can then submit that proof to the lender and show you have met the minimum qualifications to be approved for this type of financing.
Verifying Credit
You also may need to meet certain credit criteria to be approved for the loan. It may be permissible for your credit score to be lower than what is required for mainstream lending programs. Still, it may need to be above a certain number to meet the qualifications.
You can find out more about applying for a VA home loan in Massachusetts online. Reach out to All East Mortgage Advisors, LLC at Alleastmortgage.com.
