Speakers: Stacy Fotinos – NIFA, Rachel Pierce – Benchmark Mortgage
This week’s Networking with NIFA focuses on the NIFA Military Home Loan Program, how it can be used by lenders and homebuyers across the state, and additional information about VA loans.
Stacy Fotinos of NIFA first presented the basics of NIFA and their home loan programs. Specifically, she detailed the Military Home Loan program, which offers a low interest rate home loan to active military, veterans, and their spouses. Typically, this program works with VA loans, but can also use FHA or USDA-RD loans. Qualified veterans do not have to qualify as a first-time homebuyer. Check the NIFA homebuyer page for more details.
Rachel Pierce of Benchmark Mortgage discussed the VA loans available to active military, qualified vets, and surviving spouses in further detail. The VA loan is a 100% government-guaranteed loan that provides the best protection to the lender. It’s one of the easiest and safest loans for mortgage lenders to provide.
Rachel Pierce Contact: https://rachelpierce.benchmark.us/
NIFA Homeownership Team: homeownership@nifa.org
NIFA Website: https://www.nifa.org/
