VA Home Loans in Chenoa Illinois
For eligible veterans and active duty military personnel a Chenoa VA mortgage loan can be a wonderful benefit to take advantage of. The Department of Veterans Affairs guarantees these loans, which can finance as much as 100% of the value of the property, ensuring low rates and easier qualification guidelines when compared to conventional loans.
Chenoa VA Benefits
In addition to the excellent VA mortgage rates, and no money down option there are a number of advantages to obtaining a Chenoa VA home loan, such as:
- Buy a Chenoa Home with No Down Payment
- Refinance up to 120% of your Home’s Value
- Use your VA Benefits even if you used them in the past
- Ask us how we can pay for your pest inspection
- No mortgage insurance premiums
Get Pre-Approved for a Chenoa VA Home Loan
Chenoa VA One Time Construction to Close
Building a Chenoa home might be complicated, but financing it doesn’t have to be. This is where our One-Time Close Construction to Permanent Loan comes in. Financing the land and construction in two phases seems a little cumbersome to us. Rather than one closing prior to breaking ground, and then a second closing prior to move in day, this program has just one closing. In one settlement the financing for the construction, lot purchase (if not already owned), and permanent loan are all arranged.
Benefits of a Chenoa One Time Close Construction to Permanent Loan.
One appraisal, one set of closing costs, one underwriting and approval process…Eliminating the redundancy of a second closing reduces all of these costs, potentially saving the borrowers time and money when it counts.
Because the interest rate is locked in prior to the single closing and before the start of building, it eliminates the concern that rates could rise during construction. Any increase in rates could make the home less affordable or even jeopardize loan approval if ratios are tight.
Once the loan is finalized, the payments don’t start until the home is complete. This is a huge selling point for many buyers who need to pay for another place to live until they can move into the new property.
Once the closing is complete and the loan is in place, borrowers don’t have to worry about re-qualifying. With many traditional construction to permanent loans, the buyers will have to re-qualify at the end of the construction phase. Now the buyers can enjoy preparing for life in the new home without concern that purchasing new furniture or other items could impact their loan approval.
Chenoa VA Mortgage Hotline 888-882-1058
VA Renovation Hotline 888-882-1058
Chenoa VA Renovation Loan
The VA Renovation Loan brings together some of the most innovative and attractive features of several popular mortgage programs. It provides no money down financing that covers not only the current value of the property, but the cost of remodeling and repairs as well. This program is intended for minor updates and work done on the home at a cost under $50,000, with no minimum renovation cost requirement. Because the Veteran Administration requires that a property meet minimum property standards in order to qualify for Chenoa VA financing, it is not uncommon for deals to fall through during the inspection phase. The seller may not want to pay for all the repairs needed to ensure the home meets the VA’s high standards. With a Chenoa VA Renovation Loan the buyers may be able to move forward with the purchase of a home they love, while borrowing the additional funds needed to fix the issues with the property, still with zero down payment.
María Laura Corradini Falomir, popularly known as Chenoa (born June 25, 1975 in Mar del Plata, Argentina, but raised in Majorca, Spain) is an Argentine-Spanish female music artist who became successful after appearing on the TV contest Operación Triunfo. Her music style could be described as pop. Most of her music is in Spanish, although a few tracks on some albums were recorded in English. Although her albums are not readily available in the U.S. record shelves as they are in Spain and Latin America, they can be found on the Internet. She has sold more than 1,000,000 records since 2002.
Chenoa was born in Mar del Plata, Argentina on June 25, 1975, although her family moved to Majorca, Spain, when she was eight. She grew up in a musical family; both parents were musicians who used to sing in hotels at live music shows. At the age of 16, Chenoa began to sing professionally, taking part in her parents’ show. When her mother fell ill, Chenoa had to stand in for her. Her fathers family is of Italian descent and her maternal grandmother is Lebanese.[1]