Louie Wickett helps veterans learn the benefits of a


Urbandale, Aug. 20, 2022 (GLOBE NEWSWIRE) — Urbandale, Iowa —

Des Moines, Iowa, Mortgage Broker Louie Wickett helps active duty military, veterans and their families understand the difference between a conventional mortgage and a VA mortgage.

Louie explains his efforts to raise awareness of the many benefits offered by VA mortgages, saying, “Active duty military personnel lose many wealth-generating opportunities, which they would have had had they not volunteered for one of the noblest callings. in today’s society. The government’s many VA mortgage programs offer veterans a way to make up for that lost time and income. I feel honored to help guide the bravest souls in our country through the options available to them. As a mortgage broker and proud American, it’s the least I can do to show my appreciation for their sacrifice. If you have a VA Certificate of Eligibility, call me today and I’ll put you on the path to home ownership. If you want to know more about my real estate financing services, I invite you to consult this press article which covers in detail my work in Des Moines.

VA mortgages offer a plethora of advantages over conventional mortgages and a few disadvantages. Louie Wickett argues that the few downsides of VA mortgages aren’t deal-breakers at all, as the pros outweigh the cons by a huge margin. First, a VA mortgage can only be used to purchase property that is a veteran or his family’s primary residence. A VA mortgage cannot be used for the purchase of second homes or investment properties. Second, while conventional mortgages require the homeowner to pay closing costs, recipients of VA mortgages must also pay closing costs and financing fees that can range from 1.4% to 3.6% of the principal amount.

One of the biggest advantages of qualifying for a VA mortgage is that the homeowner is not required to make a down payment. This is a lifesaver for many veterans as they may not have the resources to save for the down payment on a conventional mortgage which starts at a minimum of 3% and increases. The VA has also set no minimum credit score or maximum debt ratio for a VA mortgage. This means that veterans, who have given the best years of their life to serving the country and have not had the chance to build a credit history, do not have to face rejection when they ask a conventional mortgage, as brokers generally look for a credit score of at least 620 and a maximum debt-to-equity ratio of 43%. Finally, there is no principal limit on a VA mortgage and there is no need to pay for mortgage insurance as all VA mortgages are guaranteed by the government. The only caveat here is that the applicant must not have defaulted on two or more VA mortgages in the past.

Louie Wickett (NMLS ID 1212160) represents Homeside Financial, which is an equal opportunity housing lender and is actively licensed in IA, IL, MO, FL, CA and CO. In addition to helping veterans find the perfect mortgage, Louie also helps clients in Des Moines, Iowa and surrounding areas secure conventional mortgages, USDA mortgages, and FHA mortgages. Louie’s services have been well received by the Des Moines community. It has maintained a perfect 5.0 out of 5.0 rating on its Google My Business profile from nearly 240 reviews.

Iowa residents who are in the market to buy property are also encouraged to check out Louie Wickett’s YouTube channel where he regularly posts short videos covering frequently asked questions about mortgages such as “What’s the difference between mortgage rates?”, “How do you buy $40,000 more for a house while keeping the same monthly payments?”, “Can you use a gift for a down payment for a mortgage?”, “The is single premium mortgage insurance a better option?”, and more.

Des Moines readers who qualify for a VA mortgage can contact Louie Wickett of Key Mortgage Group at (515) 238-9949 or [email protected]


For more information about Louie Wickett – Mortgage Lender, contact the company here:

Louie Wickett – Mortgage Lender
Louie Wicket
(515) 238-9949
[email protected]
2370 128th Street NW
Urbandale, IA 50323


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