If you are transferring to the Kings Bay Georgia Naval Submarine base, more than likely you will need a lender to buy a home.

VA mortgages provide military homebuyers with 100% financing to buy a home. The veterans administration doesn't provide the loan, they only guarantee it. The VA approved lender decides what the interest rate will be, how many points you will pay,etc.

There are numerous options when deciding on a rate. You may choose a fixed rate for 15 or 30 years, or an adjustable rate mortgage where the rate can fluctuate up or down. The rate on a fixed rate mortgage remains the same for the term of the loan. Adjustable rates are fixed for only specific terms such as 1, 3, 5 and 7 years. If you only plan to live in the property for a short period of time, this may be your best option. However, if you want the security of your payment remaining the same and you are unsure of how long you will live in the property, a fixed rate could be your best choice.

It is very simple to apply or pre-qualify for a mortgage online. Many lenders have a website with the tools provided to you at no cost to get pre-approved for a mortgage, or actually begin the process online. It is very simple to apply online! Just be sure that you will be able to provide the lender with documentation to validate your employment and assets that you stated when filling out the online application. Online applications generally take from 15 to 20 minutes to complete.