Sadly, he literally hasn’t been euthanized because there wasn’t space in the freezer

Military mortgages are tailored to help those who work in the defense forces, such as the Navy and Air Force, acquire homes. It is also referred to as a VA loan program. Unlike the other conventional home loans offered by financial institutions, these are supported by the government. This type of mortgage is available to all members of the military.

Here are some of the main facts that set military mortgages apart from other types of loans.

No Down Payment is required

Building up credit is an uphill task for most service members, as they are constantly on the move. As a result, this program provides 100% financing without requesting that the applicants make a down payment.

Mortgage Insurance

Most financial institutions require applicants to commit themselves to paying a private monthly mortgage insurance premium if they are not in a position to pay 20% of the total loan beforehand as a down payment. The insurance policy is designed to protect the lenders in case the borrower defaults on the loan. Luckily, members of the defense forces do not need an insurance policy, as their loan is covered by the federal government. The government acts as a signatory, meaning that if the soldier defaults, the government will repay the lender. It is also important to point out that the VA program gives one an excellent opportunity to accumulate home equity over an extended period.

Competitive and Affordable Interest Rates

Two of the main factors that banks use to determine the most appropriate interest rate are the client's financial capability and credit score. Because the government covers this type of home financing, less risk is transferred to the lender and this, in turn, enables them to offer competitive interest rates.

Pre-Payment Penalties

Lenders impose a pre-payment penalty on clients who repay the loan before it matures. This is because clients paying early denies lenders the opportunity to collect recurring interest payments. The penalty helps them recover some of the money. Luckily, VA programs allow one to repay the entire amount borrowed to purchase a house at any time, and no penalties are imposed. This gives one a chance to start considering and planning for future home purchases as well as alternative refinancing options.

Finally, the lenders consider the basic allowance for housing when calculating an applicant's active income. This means that military personnel can use this benefit to pay their monthly premiums. Some of the factors that determine the BAH include the number of dependents, pay grade, and geographical location. Indeed, military mortgages give soldiers an opportunity to purchase homes for their families conveniently and affordably. It is also an excellent way for the government to show appreciation to the people who work day and night tirelessly to promote peace and security around the world.

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Samson is a large Anatolian mix..due to a sad circumstance he literally hasn’t been euthanized because there wasn’t space in the freezer. Sadly his reprieve has come to an end. Samson has been featured many many times with NO interest! This boy is loving and sweet and needs out NOW

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STATUS : - read comment for update from crossposter
If you have served in the military, a military mortgage application may be one of the best ways to purchase a home. A VA mortgage loan is one of the most valuable benefits available to United States military veterans, allowing eligible service members to purchase a home with no down payment, no private mortgage insurance requirement, no prepayment fee, available payment assistance, and limited closing costs. Not only can VA loans be used for both purchase and refinance, this benefit can be used more than once and does not require you to be a first-time homebuyer. Here's what you need to know about the VA military mortgage application process.

Step 1: Determine and Apply for Eligibility
A Certificate of Eligibility (COE) can be granted to any active duty military member who has served at least 90 continuous days; veterans of World War II, the Korean War, or the Vietnam War who served for at least 90 total days; veterans who served before 1980 for at least 181 continuous days but did not serve during one of the aforementioned wars; or National Guard members with six years of service or 90 days of active service during the Gulf War. The COE verifies your VA loan eligibility to potential mortgage lenders. In some cases, a spouse may be eligible for a VA loan, including non-remarried spouses of veterans who died during service or of a service disability, spouses of service members who are prisoners of war or missing in action, and surviving spouses who remarry after age 57.

Step 2: Choose a Lender and Get Prequalified
When you apply for your COE, you can also access a list of lenders in your area who offer VA mortgage loans. During the prequalification process, you will be asked to provide documents that verify your income and credit status, and will learn what type of home you can afford. Your lender will also provide insight into what to expect from the time you receive your prequalification letter until you close on your new home.

Step 3: Shop for Your Home
Once you have an idea of your budget, it's time to find the best property for you and your family. Keep in mind that there are loan limits by county that govern how much money a veteran can borrow for a home without making a down payment. In most counties, this limit is $417,000, though it may be higher in high cost of living areas. If you want to buy a home that's beyond the stated limit, you can choose to put money down. When you find your home and have made an accepted offer, return to your lender with the signed purchase contract.

Step 4: Documentation, Review, and Closing
Your lender will require extensive documentation before granting your military mortgage application, including pay stubs, bank statements, and tax returns as well as a full mortgage application. An appraisal will also be ordered to determine the market value of the home you're buying. As the closing date approaches, be ready for requests from the lender for additional paperwork and documentation. You'll also learn the final amount of your closing costs, which must be paid by cashier's check at closing.

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