SAN DIEGO, Aug. 11, 2013 /PRNewswire-iReach/ -- Blue Loan Services is a full service mortgage company that has been servicing the residents of California with some of the lowest wholesale home loan interest rates and the quickest online processing times for many years. The company is one of the top rated lenders in California according to lender review website, Lender 411, and was included in their list of the 50 Best Mortgage Lenders in California. The company offers a number of different lending services and with Blue Loan Services VA approved they are also able to help United States Army veterans to apply for and obtain VA loans.
Both Robert and Brandon Blue, the co-owners and senior loan officers of Blue Loan Services, are U.S. Army veterans so helping vets to obtain affordable housing is a specialty and an honor for the company. Those who have served in the U.S. armed forces have a big advantage when it comes to applying for home purchase financing or mortgage loan refinancing. The Blue Loan Services company website explains:
"The VA Loan began in 1944 through the original Servicemen's Readjustment Act, also known as the GI Bill of Rights. The GI Bill was signed into law by President Franklin D. Roosevelt and provided veterans with a federally guaranteed home with no down payment. This feature was designed to provide housing and assistance for veterans and their families, and the dream of home ownership became a reality for millions of veterans. VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home, which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you or a later owner fails to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms."
As with all loans VA loans have a number of requirements that must be met before a veteran can qualify for one. The length of service as well as the type of discharge received will play a part in determining eligibility. A Certificate of Eligibility will have to be obtained before applying for a VA mortgage loan and this can sometimes take some time. Veterans who have decided to purchase a home using VA home loan benefits should secure this certificate as soon as possible. Blue Loan Services' experienced team of mortgage professionals can help to advise those who are applying for these types of loans as well as help them find the best VA approved lender and even a real estate agent in their area that can assist them in finding the right house for their needs.
Those who are interested in availing of these services, or any of the many other free services offered by Blue Loan Services, may visit the company's website by clicking here or call 1-888-929-BLUE (2583) to discuss their loan options with an experienced mortgage professional.
CA Dept of Real Estate -- Licensed Broker #01094374 NMLS #938365
Media Contact: Brandon Blue, Blue Loan Services, 1-888-929-BLUE (2583), firstname.lastname@example.org
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SOURCE Blue Loan Services