Home Buying Options for Veterans

Veterans Day is a day to recognize and honor our veterans. Those fearless men and women have helped make this country great. With Veterans Day being this Saturday, I'd like to point out the helpful home buying options that are available to veterans. As one of the best real estate agents at the Lake of the Ozarks, I can tell you that the lake is a great place for a veteran to live. It's beautiful here and we respect our veterans. 

Home Buying Options for Veterans

Source: U.S. Department of Veterans Affairs website

 Here are 5 different home buying options available to veterans.

 According to the U.S. Department of Veterans Affairs, there are 5 different types of loans or financial aid designed to aid veterans in buying a home.

Purchase Loans

Purchase Loans help you purchase a home at a competitive interest rate often without requiring a down payment or private mortgage insurance. Cash Out Refinance loans allow you to take cash out of your home equity to take care of concerns like paying off debt, funding school, or making home improvements. 

Interest Rate Reduction Refinance Loans


 Interest Rate Reduction Refinance Loan (IRRRL): also called the Streamline Refinance Loan can help you obtain a lower interest rate by refinancing your existing VA loan. 

Native American Direct Loan Programs


 Native American Direct Loan (NADL) Program: helps eligible Native American Veterans finance the purchase, construction, or improvement of homes on Federal Trust Land, or reduce the interest rate on a VA loan.

Adapted Housing Grants

Adapted Housing Grants: help Veterans with a permanent and total service-connected disability purchase or build an adapted home or to modify an existing home to account for their disability. 

Other Resources

Other Resources: many states offer resources to Veterans, including property tax reductions to certain Veterans. 

VA Home Loan Advantages

The guarantee VA provides to lenders allows them to provide you with more favorable terms, including:
  • No down payment as long as the sales price doesn't exceed the appraised value.
  • No private mortgage insurance premium requirement.
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs may be paid by the seller.
  • The lender can't charge you a penalty fee if you pay the loan off early.
  • VA may be able to provide you some assistance if you run into difficulty making payments.
  • You should also know that:
  • You don't have to be a first-time homebuyer.
  • You can reuse the benefit.
  • VA-backed loans are assumable, as long as the person assuming the loan qualifies.


 For more information on the home loans available to veterans, visit the U.S. Department of Veterans Affairs website.




I'd just like to say thank you to all of the veterans out there and their families. The sacrifice veterans and their family members make should be honored and remembered. Whether you are going to a Veterans Day celebration or teaching your kids about Veterans Day or both, remember the true meaning behind Veterans Day, to honor our veterans and their families. I hope these home buying options help veterans purchase their dream homes at the Lake of the Ozarks. As an experienced real estate agent at the Lake of the Ozarks, it'd be a pleasure to help any veteran looking for a home at the lake, find their dream home. To view real estate listings at the lake, visit my website, www.JudiattheLake.com.







Judi Cloyd, Pinnacle Real Estate Partners
5780 Osage Beach Pkwy Ste 112
Osage Beach, MO 65065


Mon-Fri 8:00-5:00
Weekends by Appointment
573-480-7376 : Judi@JudiAtTheLake.com
Location: Osage Beach, MO 65065, USA

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