Can Veterans save money on a home purchase or refinance? Yes, they can.

Hello, I’m Todd Wesche, the founder and managing member of Vetus Legal, LLC. We help veterans, their dependents, and survivors obtain from the VA the disability compensation benefits that they were promised, they earned, and they deserve. That’s all we do.

In my other videos, I’ve talked about the benefits you can obtain as a military disabled Veteran, but not all benefits require you to be service disabled.

All qualified veterans may be eligible for VA backed home loans, which can save you thousands on closing costs and interest.

There are several key benefits, including no down payment due at closing. That also means no private mortgage insurance or PMI requirements. That saves you thousands in added extra expenses tacked onto the mortgage otherwise and Veterans can get better terms and lower interest rates from lenders.

But it gets even better for veterans who are service disabled. VA waives the funding fee for veterans with VA recognized service related disabilities at 10% or higher. The funding fee as of April 2023 can be up to 3.3% of a loan amount. So, for a $350,000 loan, that’s a fee of $11,550 that a service disabled veteran rated at 10% or higher does not have to pay.

Of course, the veteran’s specific circumstances will dictate eligibility and other factors in such loans. However, why not get your military disability recognized by VA and start saving money? If you’re not rated at least 10% for your military disabilities, please contact us to see if we can help you become eligible for these benefits.