How to Apply for a Veterans Affairs (VA) Home Loan

September 01, 2017

If you are a veteran and have always dreamed of owning a piece of paradise, that dream of yours can now become a reality. We are happy to announce that Harbour Lakes is now Veterans Affairs (VA) Home Loan approved and offers VA-approved condominiums to qualified veterans of the military. This incredible opportunity is more attainable than ever, and through this article, you will find out just how easy it is to apply for a VA loan.

Eligibility
VA home loans are exclusively available to veterans or a spouse and/or other eligible beneficiaries. To become eligible for a VA home loan you must have satisfactory credit, sufficient income, and a valid Certificate of Eligibility (COE). The home you are looking to purchase must be for your own personal occupancy. To obtain a COE there are different requirements depending on the war the veterans had served in. Once you confirm eligibility you are on your way to gorgeous homes and real estate in Puerto Rico.

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Loan application
This is an incredible opportunity that you are sure to want to take advantage of. Once you have received your COE you are able to begin the loan application process. This process involves six important steps: finding a VA-approved lender, pre-qualifying for a loan, selecting your home, drawing up the purchase contract, getting the property appraised by the VA, and finalizing the loan.

Additional Benefits
Once you have obtained your loan, you are then able to use your VA home loan to purchase a home or condominium at Harbour Lake. The benefits of the loans don’t just stop at the purchasing of the home. You can also use the loan to improve a home by installing energy-related features or making energy efficient improvements in your home. VA loans can also be refinanced for the purpose of a lower interest rate at any time.

Harbour Lakes has some of the most incredible beachfront properties in the Caribbean with a plethora of luxury amenities all available to veterans. It is now easier than ever for veterans to enjoy Harbour Lakes with the availability of VA home loans. Once you have completed the application process, contact Harbour Lakes to make your dreams of investing in Puerto Rico real estate a reality.

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The information provided in this article was sourced from [U.S. Department of Veterans Affairs, VA Home Loans https://www.benefits.va.gov/homeloans/purchaseco_eligibility.asp, Military.com, Starting the Loan Application Process http://www.military.com/money/va-loans/home-purchase/starting-the-loan-application-process.html]