VA Home Loans

VA home loans are for those who have served in the United States military, either on active duty or reserve.  The Veterans Administration provides VA home loans at competitive interest rates, often with 100% financing and no down payment.

Other benefits of VA home loans are that there is no set maximum loan amount, borrowers are not required to have private mortgage insurance, there are no penalties if the loan is paid off early and qualification is often easier than for conventional mortgages.

Drawbacks for VA home loans are that sellers are often asked to pay some of the closing costs, there is a 2% funding fee payable upon closing and the loan process often takes longer than it does with regular mortgages.

VA home loans are an excellent way to acquire a 1st or 2nd home for those who have served our nation proudly in the military.

Sponsor: VA Loans and other VA Benefits here

VA Home Loans