SAN DIEGO, Dec. 6, 2013 /PRNewswire-iReach/ -- Blue Loan Services is a full service mortgage company that has been helping residents of California to find the best loan products and home loan rates for many years. The company, headed by the father and son team Robert and Brandon Blue, has been dedicated to serving its customers with honesty, integrity and competence. The Blue Loan Services team of mortgage professionals operates with the goal to provide home loans to its clients while providing them with the lowest wholesale interest rates and closing costs possible. Over the years the top California mortgage company has helped home owners all across the state to find the loans that enabled them to purchase their homes or refinance their previous mortgages to make their homes more affordable or free up extra money. Now, thanks to the addition of new specialized lenders to the company's roster, Blue Loan Services is now helping veterans and their families procure their VA home loan benefits with greater ease.
Both Robert and Brandon Blue are proud veterans of the U.S. Army and have been helping fellow veterans to navigate the requirements of VA loan eligibility for many years. The addition of VA specialized lenders to the mortgage company's lineup means that they will be able to provide even an even faster and more efficient loan experience to their veteran clients. The Blue Loan Services website provides a helpful fact sheet for anyone who is thinking of applying for the VA's home loan program.
The website explains: "The VA Loan began in 1944 through the original Servicemen's Readjustment Act, also known as the GI Bill of Rights. The GI Bill was signed into law by President Franklin D. Roosevelt and provided veterans with a federally guaranteed home with no down payment. This feature was designed to provide housing and assistance for veterans and their families, and the dream of home ownership became a reality for millions of veterans. VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home, which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you or a later owner fails to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms."
Blue Loan Services then goes on to answer the questions:
- Who is eligible for a VA Loan?
- What type of home can I buy with a VA Loan?
- How do I apply for a VA guaranteed loan?
- If I have already one VA Loan, can I get another one?
- What are the negatives of a VA Loan?
- What are the benefits of a VA Loan?
The fact sheet explains that some of the benefits associated with having a VA Loan include:
- 100% financing, no down payment loans are common.
- No Private Mortgage Insurance (PMI).
- No penalties if you prepay the loan.
- Competitive interest rates.
- Loan qualification is sometimes easier than if you were applying for a conventional loan.
- Sellers can pay all closing costs.
For more information on how Blue Loan Services can help California home loan borrowers get approved for their VA home purchase loan or refinance quickly, please visit BlueLoanServices.com or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.
CA Dept of Real Estate -- Licensed Broker #01094374 NMLS #938365
Media Contact: Brandon Blue, Blue Loan Services, 1-888-929-BLUE (2583), firstname.lastname@example.org
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SOURCE Blue Loan Services