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Veterans United Home Loans Committed to Hiring Heroes

COLUMBIA, Mo. (Feb. 16, 2011) -- Veterans United Home Loans was among 10 mid-Missouri businesses honored this week for hiring veterans.

The company received an award as part of the Show-Me Heroes Initiative, which Gov. Jay Nixon formed two years ago to encourage businesses to consider hiring veterans. The national unemployment rate for veterans overall has fallen in the last year, but recently discharged veterans are struggling significantly more when it comes to finding work. Service members who fought to preserve the American Dream are finding it increasingly elusive upon their return home.

"We're proud of our progress, but Veterans United is committed to helping veterans find employers that value their diverse and impressive skill sets," said CEO Nathan Long. "I hope companies across Missouri will recognize their value and their service and consider this deserving demographic more closely in the weeks and months ahead."

The state Department of Economic Development oversees the campaign, which also provides veterans and recently separated service members with job counseling.

Veterans United Home Loans is the nation's leading dedicated VA lender and one of Missouri's fastest-growing companies.

Veterans and active duty service members work in all corners of the company, from marketing and loan processing to the legal department. Every Veterans United employee is proud to serve those who have served us. But there's often a special relationship between Veterans United customers and employees who have worn the uniform.

"Knowing what they've been through, it makes you that much more determined to want to help them," said 1st Lt. Ryan Bell, an executive officer with the Missouri Army National Guard and loan officer assistant. "It's really gratifying to have a civilian job that enables me to make a living while at the same time helping my brothers in arms."

Last year, Veterans United Home Loans forged a relationship with Hire Heroes USA, a national nonprofit that provides veterans with job training, employment assistance and a gateway into business communities nationwide. The company donated $25,000 to the organization in 2011 and showcased the Hire Heroes USA logo on the Veterans United No. 32 during NASCAR's Kobalt Tools 500 at Phoenix International Raceway.

Veterans United also sponsors the organization's president, UFC fighter and former Marine Corps Captain Brian Stann, who serves as the company's official spokesman.

"The team at Veterans United is dedicated to helping service members take full advantage of the benefits earned by their sacrifice and dedication to our country," Stann said last year before the Veterans Day weekend race in Phoenix. "They're also committed to hiring heroes and providing them with the tools and resources to succeed. This is a company whose passion is enhancing the lives of American service members and their families."

About Veterans United Home Loans

Veterans United Home Loans is the nation's No. 1 dedicated VA lender. The Missouri-based national lender provided more than $1.6 billion in home financing for veterans and military families in 2011. Its mission is to help veterans and active duty military members take advantage of the home loan benefits earned by their service.

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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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