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Veterans United Home Loans NASCAR Sponsorship

Hiring Heroes
Check out this visual representation of the great work Hire Heroes USA does.
Veterans United Home Loans and Hire Heroes USA are teaming up to spotlight the epidemic of veteran unemployment as Veterans United sponsors the No. 32 car during NASCAR's Kobalt Tools 500 on November 13 at Phoenix International Raceway.

Veterans United, a company that helps veterans use their VA benefits to buy or refinance homes, will showcase the Hire Heroes USA logo on the No. 32 car owned by Frank Stoddard's FAS Lane Racing to raise awareness and support for this impactful organization, which provides transition assistance and job placement services for returning veterans and transitioning military personnel.

The unemployment rate for veterans who served in Iraq and Afghanistan was 11.7 percent in September, significantly higher than the nation's overall jobless rate, according to the Bureau of Labor Statistics. Former members of our Armed Forces are having trouble achieving the American Dream they fought to preserve.

To help put a face to this alarming trend, Veterans United will send Marine Corps veteran Ryan Baer to Phoenix to enjoy Veterans Day race weekend and watch the Sprint Cup Series race from the pit box. A decorated Operation Iraqi Freedom veteran and MBA candidate, Ryan will graduate this winter into an uncertain job market. Ryan, who is currently being coached through Hire Heroes USA's veteran employment program, will have the chance to network with business executives and employers throughout the weekend.

"We hope our continued partnership with Hire Heroes USA raises awareness of the significant employment problems facing our returning service members, who have sacrificed so much," said Nathan Long, CEO of Veterans United, the nation's leading dedicated VA lender.

Earlier this year, Veterans United donated $25,000 to Hire Heroes USA to help the agency further its mission of providing free services to prepare veterans for civilian job search through self-marketing, interview skills and revised resumes.

The organization's president, UFC star and former Marine Corps captain Brian Stann, serves as official spokesman for Veterans United.

"Sharing the stage with Veterans United during a nationally televised NASCAR race allows us to reach thousands of employers and millions of viewers nationwide," Stann said. "Veterans possess a diverse skill set and an unmatched degree of adaptability. Employers that skim over this group are doing themselves a serious disservice."

Veterans United is also proud to continue its sponsorship of NASCAR and former crew chief Frank Stoddard's team at FAS Lane Racing. Stoddard owns the Veterans United No. 32 car, a Ford Fusion from Roush-Fenway Racing and Richard Petty Motorsports.

Mike Bliss will drive the Veterans United No. 32 car in Phoenix.



About Veterans United Home Loans
Veterans United Home Loans is the nation's No. 1 dedicated VA lender. More than 800,000service members have come to Veterans United for help with their home loan benefits in thelast nine years. The Missouri-based national lender will finance more than $1.6 billion in loansin 2011. Its mission is to help veterans and active duty military members take advantage of thehome loan benefits earned by their service.

About Hire Heroes USA
Founded in 2007, Hire Heroes USA is a national, nonprofit organization headquartered inAlpharetta, Ga. Hire Heroes USA offers free transition assistance, job search assistance and jobplacement services to those who have honorably served in the US military — and to their spouses- in order to reduce veteran unemployment. Hire Heroes USA has gained national recognitionfor its comprehensive "recruitment to placement" continuum of veteran assistance and corporateengagement, resulting in one veteran hired every business day. For more information visitwww.hireheroesusa.org and follow us on Facebook and on Twitter @hireheroesusa.

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Eligible Military Service Members and Veterans:
In general, eligiblity includes 181 days of peacetime service, 90 days war time service or 6 years in the reserve or National Guard. Some surviving spouses of veterans who died while in service or from a service-connected disability may also be eligible.
 
Learn More Get complete eligibility details »

Private Mortgage Insurance (PMI):
On most mortgages, borrowers who can't put down 20 percent of the loan amount are required to pay private mortgage insurance. It protects lenders against borrowers who default and also helps borrowers who can't muster a large down payment. There is no PMI on a VA loan.
 
Learn More How VA Loans are different »

Department of Veterans Affairs:
A branch of the federal government that administers a variety of services for veterans, including the VA Loan benefit.

Guaranty:
With VA Loans, the federal government backs each mortgage with a promise to repay the loan amount should a borrower fail to pay.

VA Jumbo Loan:
A loan that's larger than the limit allowed in a specific region. Jumbo loans are rather complicated; contact us to learn more.
 
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Certain Situations:
VA Loans can't be used to purchase second or vacation home or rental properties.

Interest Rate:
The amount a lender charges a borrower to borrow money.
 
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Funding Fee:
A mandatory fee paid to the VA assigned to all VA Loans. The funding fee amount can be financed, meaning the cost won't come out of your pocket at closing. Borrowers with a service-connected disability are exempt from paying the fee.
 
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Closing Costs:
Closing costs are the charges and fees associated with processing and finalizing a loan. With the VA Loan, there are predefined closing cost limits: a 1 percent lender origination fee, reasonable discount points and other reasonable and standard fees and charges.
 
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Zero Money Down:
When no down payment is required. The VA Loan is one of the only remaining loans that doesn't require any money up front for a down payment.
 
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