Buy the Home You Deserve with VA Financing!
About VA Home Loans
A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).
A VA loan is one of the greatest benefits of military service available. To date, millions of people have used a VA loan to purchase a home. Although VA loans are guaranteed by the federal government, the VA doesn’t actually make the loan. That’s why it’s important for you to choose a lender who puts your best interests first.
There are two primary benefits of a VA loan: the borrower typically doesn’t need to make a down payment (certain restrictions apply), and there are no private mortgage insurance (PMI) requirements.
Only the VA can determine your eligibility, but most members of the military, veterans, reservists and National Guard members are eligible to apply for a VA loan, while spouses of military members who died while on active duty or as a result of a service-connected disability may also apply.
*For more information about VA loans, including complete eligibility requirements, contact us today.
Additional Benefits:
- VA rules limit the amount you can be charged for closing costs.
- Closing costs may be paid by the seller.
- The lender can’t charge you a penalty fee if you pay the loan off early.
- VA may be able to provide you some assistance if you run into difficulty making payments.
- You don’t have to be a first-time homebuyer.
- You can reuse the benefit.
- VA-backed loans are assumable, as long as the person assuming the loan qualifies.