VA Home Loan Guarantee Program in South Carolina

The VA offers many great opportunities for veterans living in the state of South Carolina through the VA Home Loan Guarantee Program. Many veterans have already used their entitlement to this veteran benefit to purchase a home in South Carolina.

Some of the valuable benefits of the VA Home Loan Guarantee Program in South Carolina include:

• The option of putting zero down payment on a home you want to purchase. You do not have to put any money down on a home with this program.



• Low interest rates. The VA Home Loan Guarantee Program offers lower interest rates than traditional lenders because of the loan guarantee offered by the federal government.



• Favorable loan terms. The VA monitors what their approved lenders offer their veterans. Most of the time the terms of the loan will be more favorable than traditional lenders because of the guarantee.



• Low fees and closing costs. The VA only allows certain costs to be charged to the buyer, and there are limits for these fees. This means that the fees and closing costs tend to be lower for loans with the VA Home Loan Guarantee Program.



• Easier to qualify for a loan. Through the VA Home Loan Guarantee Program it is easier for veterans to qualify for a loan because the government is guaranteeing the loan. However, there are still guidelines for qualifying just like traditional loans.

For more information on the VA Home Loan Guarantee Program in the state of South Carolina go to http://www.homeloans.va.gov/veteran.htm or contact the Reginal Loan Servicing Center for South Carolina at:

Department of Veterans Affairs
VA Regional Loan Center
1700 Clairmont Rd.
Decatur, GA 30033-4032
(Mail: P.O. Box 100023, Decatur, GA 30031-7023)
http://www.vba.va.gov/ro/atlanta/rlc/index.htm
Phone number: 1-888-768-2132