Olympus Executive Realty Olga Corrada

Department of Veteran Affairs Mortgage Assistance

The Department of Veteran Affairs offers assistance to all veterans and eligible surviving spouses to become homeowners. The VA does not actually give the service members money. This is done by private lenders, such as banks and mortgage companies. So, how do they manage to help out with the mortgage? Simple. The VA, once approved, issues a guarantee for portions of your loan. In addition, the VA also helps service members in trouble of loosing their homes. The VA is able to provide guidance and policies to loaners so they can provide solutions to borrowers having difficulties in retaining their property or avoid foreclosure.  VA also provides guidance with current loans if issues arise with the loan servicer. For more information you can log into the VA website at: http://www.benefits.va.gov/homeloans/veteran_borrowers.asp or you can fill out the contact information portion on this website for your home buying or selling needs.