If you're a veteran experiencing credit issues, you're not alone...
Credit issues affect so many people regardless of circumstances, but veterans have the added stress of frequent relocation, lost bill notifications, deployments, training, and other calls of duty.
With the help of the Lighthouse Program at Veterans United Home Loans, military service members and veteran homebuyers can overcome their credit issues and pursue a VA home loan. At no cost to the homebuyer, this unique program has helped thousands of military families become proud homeowners.
What Makes the Lighthouse Program So Unique?
The Lighthouse Program is specifically designed to assist homebuyers who are dedicated to improving their credit score. While their trained consultants understand how credit works, they're also eager to educate Americans on how credit works.
Catering to your unique situation, the Lighthouse Program's consultants can help you strategize paying off your debts, updating the credit bureaus, and improving your credit score.
While homebuyers are not obligated to follow the provided plan, if you're committed to improving your credit, the well-informed consultants at Lighthouse will work closely with you until your goals are achieved. Regardless of time frame, the Lighthouse Porgram understands that it takes time to build credit and establish a solid portfolio.
What Are The Benefits of The Lighthouse Program?
No Cost to You
The Lighthouse Program is focused on assisting veterans, so this service is completely free for members and veterans.
Online Resources & Dedicated Support
This program provides you with all the information and support you need to make a change to your financial well being. Complete with email and phone correspondence with a trained consultant, the Lighthouse Program is committed to helping you learn about and improve your financial well-being.
No Necessary Timeline
Whether it takes two months or two years, this program is fully dedicated to helping you achieve your goals of homeownership.
How Does the Lighthouse Program Work?
After contacting the Veterans United Lighthouse Program, you'll be connected with a live credit consultant, who will help you develop and strengthen your financial portfolio. Not only are these consultants trained and dedicated, but they empower military families to work toward achieving homeownership and working toward improving their credit score on their own.
All the extra information you will need to pursue your goals is broken down in a customer communication portal that includes all the tools you need to take control of your financial well being.
At times, homebuyers in the Lighthouse Program have seen impressive credit score improvement sin a matter of months. Alongside your Veterans United Specialist, you'll work towards getting pre-qualified for a VA Loan.
The final step, of course, will be enjoying your new home after purchasign with your VA Loan benefit.
What Common Credit Issues Does the Lighthouse Program Assist With?
One of the most common issues that affects your credit score is making late payments on current deb. Whether it's a car loan or a credit card debt, if you are late by even one payment, your score may decrease. To fix this, it's crucial to review everything you owe and make sure payments are up to date.
The Lighthouse Program can work with you to ensure you're doing all you can to avoid late payments. This includes being aware of your limits, leaving a paper trail, and knowing the details of your report.
Since VA loans are only available to those who have served our country, there are substantial cost savings once you have qualified for this loan. The Lighthouse Program will work with you to get your credit score to a qualifying number.
Some additional reasons to pursue a VA loan include:
Potentially lower payments - No private mortgage insurance is required with a VA Loan, so monthly mortgage payments can be lower!
0% down payment – The VA Loan doesn’t require qualifying homebuyers to make a down payment.
Easier qualifications – 80% of service members and veterans can’t qualify for a conventional loan.
First-time buyers – Added benefits are available for first-time homebuyers.
While it's not always easy to tackle your finances, understanding how credit works is the first step to improving your score and achieving homeownership. The Lighthouse Program will equip you with the tools to understand your credit and work to improve your score.
Lauren Schneider, Real Estate Agent and Military Relocation Professional (MRP)
Lauren Schneider has lived in Colorado Springs for nearly 20 years and knows that the military is what keeps this town ticking, which is one of the reasons she's chosen to pursue her dream of helping military families with all of their homebuying needs. Learn more about Lauren or start your home search now.