Los Angeles, CA, June 17, 2009 --(PR.com
)-- Helping Veterans find their dream homes and dream loans has become a great focus for Los Angeles based mortgage company Housing Assist of America. By partnering with a successful full service real estate firm that specializes in REO and short sale transactions, Housing Assist has become the California Veterans “go to” company for all of their mortgage needs. Through their highly experienced staff of realtors, negotiators and underwriters, Housing Assist has been able to structure a high volume of home sales for Veterans with virtually no out of pocket costs.
Industry leaders agree it’s a buyers market. However, even FHA financing requires a minimum 3% down payment which many borrowers cannot afford. Along with the down payment, most FHA purchase loans have hefty monthly mortgage insurance premiums on top of the required principal, interest, taxes and fire insurance.
Veterans purchasing a property with the help of Housing Assist of America can expect zero down payment, minimal out of pocket costs and no monthly mortgage insurance premiums. Housing Assist has negotiated for over 90% of its veteran purchases to have the VA funding fee covered by the seller. Housing Assist of America is committed to helping Veterans and their families acquire distressed properties for thousands of dollars below market value with virtually no cash due at closing. There has never been a better time for the dedicated men and women of our armed forces to achieve the American Dream. Housing Assist helps that come true.
Approved CalVet loan amounts can be up to $521,250 and do not have a monthly mortgage insurance payment. This program also offers Low cost Disaster Indemnity Coverage (in the case of disaster) and Life Insurance Protection providing 1-5 years of principal and interest installments in the event of death. The average loan will close in 30 days.
Housing Assist of America can be found on the web at www.housingassist.com.