{"id":993,"date":"2022-12-02T14:40:52","date_gmt":"2022-12-02T22:40:52","guid":{"rendered":"https:\/\/governmentloanpros.com\/?p=993"},"modified":"2022-12-02T14:40:52","modified_gmt":"2022-12-02T22:40:52","slug":"riverside-va-loan-down-payment-assistance","status":"publish","type":"post","link":"https:\/\/governmentloanpros.com\/blog\/riverside-va-loan-down-payment-assistance\/","title":{"rendered":"Riverside VA Loan Down Payment Assistance"},"content":{"rendered":"
Riverside VA Loan Down Payment Assistance<\/strong><\/p>\n This title may seem a bit odd as VA Loans do not require a down payment.\u00a0 So why do we offer Down Payment assistance for VA Loans in Riverside?\u00a0<\/strong>That answer is closing, settlement, and prepaid costs associated with a home purchase loan. VA loans, just like any other home purchase loan,\u00a0 will incur costs including closing costs from both the Lender and third parties such as title insurance, escrow agents, notary, recording, appraisal,\u00a0 prepaid property taxes and homeowners insurance to set up your impound account (so the monthly payment will include property taxes and insurance so you don’t have to pay that separately), and up to 30 days of per diem interest (this is what keeps your first house payment at least 31 days from the closing date.<\/p>\n Some Veterans have the income and credit character to qualify for a VA home loan, but don’t have the funds saved up for the closing, settlement and prepaid costs.<\/p>\n There are several ways to help cover the amount of these funds needed:<\/p>\n Some interest rate and real estate environments make some of these options less favorable or even unlikely for a Veteran home buyer. We have a solution.<\/p>\n Our Down Payment Assistance option for our Riverside VA loans can provide up to 5.5%<\/strong> of the purchase price toward your closing costs, settlement costs and prepaid items for your home purchase.\u00a0 The Down Payment Assistance is in the form of a 2nd Loan.<\/p>\n Here are some of the features of our Down Payment Assistance for Riverside VA Loans:<\/strong><\/p>\n We offer an option to get you Fully Underwriting Approved prior to finding a home.\u00a0 This is not a prequal or pre-approval, but a fully Underwritten Approval.\u00a0 \u00a0This can reduce stress while in the purchase contract period (aka Escrow period), allows for quicker closing timelines, and can put your offer in the lead as you have already been vetted, documented and Underwriting Approved.<\/p>\n The following types of properties are eligible:\u00a0<\/strong><\/p>\n The following occupations may be eligible for the forgivable gift portion of the 2nd loan:<\/strong><\/p>\n We have been helping Veterans and Active-Duty Military purchase and refinance homes since 2008 throughout our service areas.\u00a0 \u00a0 Give us a call at 866-900-2342 Toll Free or call \/text Brian direct at 760-752-4480 to get help with your VA Loan, or to get your VA Loan Questions answered.\u00a0<\/strong><\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Riverside VA Loan Down Payment Assistance This title may seem a bit odd as VA Loans do not require a down payment.\u00a0 So why do we offer Down Payment assistance for VA Loans in Riverside?\u00a0That answer is closing, settlement, and prepaid costs associated with a home purchase loan. VA loans, just like any other home […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[505,506,504,503,11,14,15,16,17,18,19],"tags":[509,508,507],"yoast_head":"\n\n
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