John Cornish launches new website to offer help with VA

Bettendorf, December 17, 2021 (GLOBE NEWSWIRE) – John Cornish – Mortgage Lender, based in Davenport, Iowa, is pleased to announce the launch of their new website at With this new site, John Cornish hopes to help more people, especially first-time homebuyers, buy a new home. Buying a home is a long and complicated process with so many details to consider, especially when finding the right source of finance. Since the price of a new home is such a large amount, buyers usually don’t have the money to make the purchase. They would need a home finance program, such as the VA home program where the US Department of Veterans Affairs guarantees part of the funding, allowing banks and other financial companies to offer more favorable terms.

The VA home program is available to qualifying veterans, military personnel and surviving spouses. VA offers guaranteed home finance and other housing-related programs designed to help them buy, build, repair, maintain, or adapt a home for their personal occupation. Funding for VA home programs comes from private lenders and VA guarantees a certain percentage so that easier terms can be provided.

A key feature of the VA Hospitality program is that no down payment is required. However, lenders may require a down payment for some borrowers. It generally has low interest rates and limited closing costs. And there is no need for private home financing insurance. There is no penalty charge for early repayment. And this program is a lifetime benefit for veterans, military personnel, and their eligible spouses, which means the VA guarantee can be used multiple times. This program and other means of obtaining real estate financing have their own specific rules and requirements and this is where John Cornish can provide assistance to home buyers.

The VA home program has more favorable terms because the VA assures banks and other finance companies that they will be reimbursed in the event that they suffer a loss due to foreclosure. That is why VA home financing does not require a down payment. The VA guarantee replaces the guarantee offered by a deposit. There is a finance charge for the VA warranty, but this may be waived under certain circumstances. These finance charges may also be paid by the seller, the lending company or any other party on behalf of the buyer. And the usage fee will vary depending on whether it’s the first time, second time, third time, etc. for the individual to use the benefit. And there is no limit to the size of home financing. Naturally, the individual must prove that he can afford the house and the appraised value of the property must be at least the purchase price, or else the buyer will be asked to make a small down payment.

For those who do not qualify for the VA home program, John Cornish offers advice for those who wish to use conventional financing where a 20 percent down payment is usually required. Fortunately, there are several options available for home buyers who do not have the full 20% down payment. John Cornish explains these options in one of the videos on his YouTube channel.

John Cornish – Mortgage Lender has been helping people buy new homes for the past 10 years, earning him a reputation as a leader in Quad Cities real estate finance. He has over 18 years of lending experience and over 300 five-star ratings, which allows him to provide the highest level of service possible to homebuyers, real estate partners and the community. He always consults with each of these clients and provides an in-depth analysis of their homeownership goals. And for those who already own a home, it can help them consider their refinancing options.

Those interested in learning more about the services offered by John Cornish – Mortgage Lender can visit their website, or contact them by phone or email.


For more information on John Cornish – Mortgage Lender, contact the company here:

John Cornish – Mortgage Lender
John Corniche
(563) 214-1539
5189 Utica Ridge Road
Davenport, IA 52807