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Veterans United Home Loans NASCAR: Kenny Schrader Sponsorship

Veterans United Home Loans, the nation's No. 1 dedicated VA lender, is again proud to sponsor racing icon Kenny Schrader and the FAS Lane Racing team as they look for their first win of this young season at the Goody's Fast Relief 500 on Sunday, April 3.

Kenny, a Missouri native, will be behind the wheel of the Veterans United No. 32 car for the annual springtime NASCAR Sprint Series Cup event at Martinsville Speedway. He'll also be looking for a bit of redemption after just missing the cut at the recent Jeff Byrd 500 presented by Food City at Bristol Motor Speedway.

"It'll be great to get back to Martinsville for another shot at a Sprint Cut series win," Kenny said. "Frank and his crew will have the Veterans United car ready for another fast-paced run at one of the country's best tracks."

This will mark Kenny's third race for FAS Lane, which legendary NASCAR crew chief Frank Stoddard formed in February. Stoddard owns the Veterans United No. 32 car, a Ford Fusion from Roush-Fenway Racing and Richard Petty Motorsports.

A unique feature of the No. 32 car is the motto on the bumper: "Enhance Lives." The phrase is one of Veterans United's core values. It's also inscribed on the underside of the hood, along with the company's other two major values — "Be passionate and have fun" and "Deliver results with integrity."

Stoddard said he's grateful for Veterans United's continued support of FAS Lane Racing and NASCAR.

"We're excited to have the Veterans United No. 32 car back in action at Martinsville," Stoddard said. "We're proud to have the support of a company that's committed to helping military members and their families."

Veterans United is committed to helping Kenny Schrader and Frank Stoddard make the 2011 racing season a success.

"Kenny and Frank have tremendous track records and legions of fans nationwide," said Nathan Long, CEO of Veterans United. "These are racing veterans who know what it takes to win. We're excited to be a part of the team."

About Veterans United Home Loans

Missouri-based Veterans United Home Loans is the nation's No. 1 dedicated VA lender. Veterans United serviced more than $1 billion in VA loans last year alone and has worked with more than 500,000 military families since its founding in 2003. In 2007, VAMC received an Inc. 500 award as one of the fastest-growing private companies in America. 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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