VA Loans
VA loans are a unique mortgage option available exclusively to veterans, active-duty service members, and eligible surviving spouses. Backed by the U.S. Department of Veterans Affairs (VA), these loans offer some of the most beneficial terms available, including no down payment and no private mortgage insurance (PMI), making homeownership more affordable for those who have served our country. VA loans do have a funding fee which can be rolled into the loan, but some veterans are exempt from the funding fee due to service related disability.
Key Benefits of VA Loans
No Down Payment Required: VA loans allow eligible borrowers to purchase a home with 100% financing, meaning no down payment is required.
No Private Mortgage Insurance (PMI): Unlike many other loan types, VA loans do not require PMI, even with zero down, saving you hundreds on your monthly mortgage payment.
Competitive Interest Rates: VA loans often offer lower interest rates compared to conventional loans, helping reduce your overall borrowing costs.
Flexible Credit Requirements: VA loans are more forgiving of lower credit scores, typically allowing borrowers with credit scores of 580 or higher to qualify.
Reduced Closing Costs: The VA limits the types of closing costs borrowers can be charged, helping to reduce your out-of-pocket expenses.
Assumable Loans: VA loans are assumable, meaning a buyer can take over the loan, which could make your home more attractive when selling.
Request More Info
Contact us to request more info