What Is A VA Loan?
A VA loan is a home loan offered to veterans or active members of the U.S. military. Additionally, a spouse of a veteran or a deceased military member may also qualify.
How Can I Benefit From Applying For A VA Loan?
*This type of loan does not require a down payment to be made on the home. VA guarantees the loan and reimburses the lender any losses if the borrower defaults, but they will NOT receive financial help from the VA.
Tips For Taking Out A VA Loan
While this type of loan does not require a down payment to be made in order to be approved, a one-time fee may be required. This loan may be one of the most affordable options for home buyers, but as with any loan decision, you’ll want to discuss your situation with your loan officer to strategize about the best plan for you and your family.
Have questions or need more info? Contact us today! We’d love to sit down for a few minutes for a free consultation on which type of mortgage we recommend.