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Homeownership Military Veterans

 

The First Place loan program gives qualified veterans the edge they need to purchase a home.  Affordable, below market interest rates allow prospective veterans to obtain mortgage financing in a competitive market.

 

A qualified veteran is any veteran who served on active duty and applied for financing within 25 years after the date on which he or she left active duty.  The veteran’s status must be documented by a DD Form 214 - Certificate of Release or Discharge from Active Duty.  All active duty veterans must obtain a Statement of Service signed by, or by the direction of the adjutant, personnel officer, unit commander or higher headquarters, indicating the Active Duty Service Date.

 

Qualifying is easy.  You must be income-eligible, and have qualifying credit.

 

Any FHA, VA, USDA/Rural Development or Fannie Mae MyCommunityMortgage®  30-year conventional mortgage may be used under the rules of the program.

 

See First Place Loan Program.

 

 

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