What are VA Mortgage Loans?
Veterans Affairs (VA) has made it possible for nearly 30 million military veterans and active duty service personnel to get VA financing for a home. VA Loans were originally developed to encourage lenders to offer military veterans more favorable loan terms. These loans are made by a lender and are protected against loss by the federal government.
VA Loans offer a variety of benefits and are equal opportunity loans for all qualified veterans and military personnel who meet service requirements.
These loans offer:
- Potential for 100% Financing
- Low Credit Scores can qualify
- Low Down Payment Guidelines, with a chance of 0% Down
- No monthly mortgage insurance required
- No pre-payment penalties
If you would like more information on whether or not a VA Mortgage Loan Program is right for you, please reach out to one of our experienced Loan Officers.