Houston Home Loans Firm Churchill Mortgage Gives Info on VA Lending

(prHWY.com) February 15, 2013 - Houston, TX -- Houston, Texas (January 4, 2013) - Churchill Mortgage is giving insight on loans guaranteed by the Department of Veterans Affairs (VA). They provide information on how military members can make use of VA lending aside from Houston home loans.

Military service members, veterans, and eligible surviving spouses have a variety of benefits they can use to secure a home, including VA loans. Provided by private lenders and guaranteed by the Department of Veterans Affairs, this type of lending product enable individuals in the military to buy or remodel their homes.

One of Churchill Mortgage's aims is to provide information and options on home financing. It explains that VA loans do not require any down payment or monthly mortgage insurance for military personnel applying for them. Unlike the conventional and Federal Housing Administration (FHA) counterparts, underwriting guidelines for VA loans are also not as strict.

The mortgage provider elaborates military service personnel or their spouses can also save money on VA loans compared to renting due to low interest rates. For those still paying theirs, a viable option includes refinancing with an Interest Rate Reduction Refinance Loan (IRRRL) to potentially save more money.

There are specific qualifications for taking out a refinancing program, however. An individual needs to have rendered 90 days or more in times of war, 181 days or longer in service during peace time, or six or more years of service in the National Guard or Reserves. Spouses of military personnel who died in the line of duty may also be eligible.

The firm invites current and veteran military members to contact them and see if they qualify. Visit Houston.ChurchillMortgage.com or consult one of their loan specialists by calling 877-466-3550 to find out more.

About Churchill Mortgage Corporation

Churchill Mortgage Corporation is a veteran in the lending field, serving 25 states across the country since its inception in 1992. It provides tools, educational resources, and services to make the mortgage process easy and stress free for homeowners. It also has a wide range of loan products such as refinancing and debt consolidation in Houston.

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