With a VA loan, the federal agency will guarantee the mortgages offered by private lenders to qualified members of the armed forces, active military personnel, veterans or their widows. In some cases one can buy a home on a VA loan with no down payment.
More than 27 million Veterans and service personnel are eligible for VA financing. Even though many Veterans have already used their loan benefits, it may be possible to buy a home again or refinance using remaining or restored loan entitlements. Before arranging for a new mortgage, Veterans should consider all the advantages of a VA Loan. Contact us today for a no-obligation consultation.
- 100% financing available
- No traditional mortgage insurance required
- Funding fee waived for those with VA disability of 20% or more
- Seller can pay all closing costs and some other costs, up to 4% of the appraised value
- Faster refinancing
Video: Low Down Payment Options for Home Loans