Thank You, Veterans!

November is widely known as the month to give thanks. Before we gather around the table to express our gratitude for family, food, friends and all that we have, we pause to give a special “thank you” to those who have served. After all, we owe our freedom to their commitment and sacrifice.

On November 11, 1918, the Allied Nations and Germany entered an armistice that ended the fighting in World War I. That day became known as the end of “the war to end all wars.” For many years, Armistice Day was celebrated. In 1954, the word Armistice was officially replaced with the word Veterans, and it was declared a day to recognize and celebrate all American veterans.

According to most recent data, there are 18.5 million veterans in the United States. Since 1944, when the VA loan program was created, more than 20 million of these veterans have become homeowners due to this important program.

VA (Veterans Administration) loans are without a doubt one of the best loan programs available for those who qualify. These loans are available to individuals who have served or are currently in the U.S. armed forces that meet eligibility requirements. VA mortgages may be provided with no down payment requirement, making them ideal for first-time borrowers. Loan amounts may be as much as $424,100 with full entitlement. The seller can pay closing costs and prepaid items. There is a 100% financing option and there are no penalties for prepayment.

Paramount Mortgage Company is honored to support our veterans. We do this through regular charitable giving and through service projects, as well as by waiving lenders Origination Fee of $995 on all VA loans. If you are interested in taking advantage of this wonderful program, contact one of our mortgage experts.

Thank you Veterans for your service. We look forward to honoring you on this upcoming Veterans Day and every day of the year!

 

Additional source: va.gov