VA Loans Federal Savings Bank | Veteran Owned

CHICAGO - Jan. 1, 2015 - PRLog -- VA Loans Federal Savings Bank

The Federal Savings Bank is a veteran-owned bank, with a focus on VA loans and FHA loans for military and first time home buyers.

Government-backed loans come with significant benefits that open the doors of homeownership to veterans who might otherwise struggle to obtain financing. VA loans require no down payment or private mortgage insurance. They feature competitive rates and terms and allow qualified borrowers to purchase a home with little to no money out of pocket.

Some additional benefits of a VA loans are:

Basic Allowance for Housing - means you can use BAH to pay some or all of your monthly mortgage costs.

No Pre-Payment Penalty

The VA Loan allows borrowers to pay off their home loan at any point without having to worry about a pre-payment penalty.

No lender fees or points - For VA loans The Federal Savings Bank charges no lender fees or points to active duty military personnel, reservists and veterans who finance or refinance their home.  http://www.thefederalsavingsbank.com (https://www.thefederalsavingsbank.com)

Ability to purchase a home with no down payment or mortgage insurance, and the opportunity to obtain a fixed loan interest rate lower than comparable conventional rates. VA loans are guaranteed by the U.S. Department of Veterans Affairs and allow qualified veterans or active duty personnel to finance up to 100% of the purchase price of their home. Therefore the lender is protected against loss in the event a borrower fails to repay the VA home loan. For that reason, the VA lender can offer a lower interest rate, regardless of the down payment amount, with no mortgage insurance payments.

For VA loans The Federal Savings Bank is a great choice. They are veteran owned and managed. Veterans and non-veterans alike and their families will receive the best of care and advice from The Federal Savings Bank with their Perfect Mortgage Experience.  https://www.thefederalsavingsbank.com

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