[upbeat music]
>>Text: Mark Connors, 
VA Home Loan Guaranty Service
>>Speaking: VA guaranteed loan program, it's actually a benefit.
It's a benefit that Veterans have earned.
The mission of Loan Guaranty Service is to help
Veterans attain, retain, and adapt their homes.
Let's talk about some of the benefits; probably the one
that comes to mind first is it's 100 percent financing.
>>Text: Top Five Benefits of the VA Home Loan Benefit
>>Text: 100% financing: no down payment.
As far as I know, that's the only program out there that you
can get 100 percent financing on; and what that really means
is that you don't have to make a down payment.
Another significant benefit that the program offers
is that with a VA loan you don't pay PMI,
>>Text: No PMI
or private mortgage insurance, and holy cow that will save you
a lot of money over the course of your loan.
Another tremendous benefit has to do with the appraisals;
>>Text: VA appraisal: safe, sound, and sanitary
and the appraiser goes out and in addition to determining
the value of the home, one of the things that the appraiser
does is helps ensure that the home is safe,
sound, and sanitary. And that goes back to being a benefit.
We don't want to put a Veteran in --
or their family -- into a home unless it is
safe, sound, or sanitary.
Retention. Home ownership retention was one
>>Text: Top Five Benefits of the VA Home Loan Benefit
>>Text: Home retention help
one of our primary missions. Well, if a Veteran were to
experience financial difficulty down the road, perhaps there was
was a temporary period of unemployment, VA will work with
the borrower and the lender and we will bring to bear all tools
that we have available to us in order to help the Veterans
and their family members stay in that home; and one other thing
that I would like to mention, and this is not so much a
benefit that is associated with VA loans, but I think it's
important to note that state and local taxing authorities
>>Text: State and local benefits
often provide tax relief benefits to Veterans,
and particularly Veterans that have suffered disabilities and
are in receipt of service-connected disability
income, and so I would encourage all Veterans, whether they use
their VA Home Loan or another home loan product, to check with
your local and state taxing authorities to see what benefits
may be available to you. And, again, the Home Loan program:
It's a benefit that you have earned, and we try to ensure
that as many Veterans as possible are able
to take advantage of this tremendous benefit.
>>Text: TO LEARNS MORE ABOUT
VA's HOME LOAN
GUARNTY PROGRAM, VISIT
www.benefits.va.gov/homeloans
