What is a VA Loan?
VA loans are a special benefit available to veterans, active-duty service members, National Guard, Reservists, and some surviving spouses. Unlike conventional or
FHA loans, VA loans are backed by the U.S. Department of Veterans Affairs.
This backing gives lenders confidence to offer powerful benefits
that most other programs can’t match.
VA loans are designed to honor the service of veterans and military families by making homeownership more affordable. Here’s why so many choose this
benefit over other loan options:
$0 Down Payment
0
Buy a home without waiting years to save for a large down payment.
No Monthly Mortgage Insurance (PMI)
Save hundreds each month compared to FHA or conventional loans.
Competitive Interest Rates
VA loan rates are often lower than other loan types, saving you thousands over time.
Easier Qualification
Flexible credit and income guidelines help make approval simpler.
One-Time Funding Fee Only
Instead of ongoing PMI, most VA loans have a one-time funding fee (which some veterans are exempt from).
Reusable Benefit
You can use your VA loan eligibility more than once, as long as you have entitlement available.
VA Loans -
Commonly Asked Questions
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