rayModerator: We would like to thank you for taking the time to sit down with us today, Ray. We’re excited to learn more about you and how our VA loan program can help other veterans, like yourself. Let’s get started!

Moderator: How long did you serve in the military and for what military branch?

Ray: I served in the United States Air Force. In the Air Force, I served in several capacities including applied operation missions and management roles, offering comprehensive background supporting the United States military airlift operations in roles of increasing responsibility during a 20 plus year career. I served six years on active duty and continued my service to our country by serving with the United States Reserves. In the past, I served with the 452nd Air Mobility Wing at March Air Force Base, located in California, where members are professionals committed to excellence and to the highest state of readiness in support of our nation’s defense and objectives. During my active duty, I participated in Operation Desert Storm (also known as the Gulf War). I have spent my remaining time in the Air Force Reserve, where I am currently assigned to the 146th Airlift Wing in Oxnard, CA. Service is the gift we give to the world and gives our life meaning.

Moderator: How long have you been working at Paramount?

Ray: I have been working as a Senior Mortgage Specialist at Paramount Equity Mortgage for the last 2.5 years. The culture here at Paramount is wonderful. It’s an honor and privilege to serve our veterans and active service men and women.

Moderator: Can you tell us what the VA mortgage program is?

Ray: The VA is a powerful option for our active and retired military servicemen. Our active and retired military servicemen can use the VA mortgage program to purchase a home without a down payment, lower average interest rates than other home loans, do not have to pay for private mortgage insurance, will not have any pre-payment penalties and the VA foreclosure avoidance team can advocate on your behalf during hardships­­­. There is no greater purpose in life than to serve a veteran.

Moderator: What is the biggest benefit of a VA loan?

Ray: That would definitely be the waiving of a down payment. The VA guidelines allows veterans to purchase a home without the need of a down payment. This program is a privilege and entitlement for our veterans. This is such a powerful option, I have even used the VA mortgage loan program myself.

Moderator: What do veterans have to do to see if they are eligible for a VA mortgage loan?

Ray: Veterans just need to send us their DD Form 214 (Certificate of Release or Discharge from Active Duty) or a VA certificate of eligibility. Our team will call the VA and handle the eligibility paperwork for our military borrowers. Something else I would like to note, is if a military spouse passes away in active duty, the surviving spouse can also apply for the VA mortgage loan.

Moderator: What do you think is the biggest misconception regarding the VA loan program?

Ray: Most veterans know about the home loan entitlement but many veterans who served in the past, do not know they can use their entitlement more than once.  The VA loan program can be used again.

Moderator: Thanks, Ray, for sharing your story and for spreading the benefits of the VA loan program to other veterans. We appreciate your sacrifice and service to our country.