Loan Purpose?



Benefits of VA Home Loans

*No monthly mortgage insurance premiums or PMI to pay

Who is Eligible for a VA Loan?

*Millions of veterans and service members are eligible for a VA home loan

*Usually lower than average interest rates than other loan types. VA loans continue to have the lowest average interest rates of all loan types

*When searching for a mortgage, veterans should weigh the major benefits and perks of using a VA loan

*In most cases, no down payment required for eligible homebuyers

*Although many veterans may have already used their loan benefits, it may be possible for them to buy homes again with VA financing using the remaining or restored loan entitlement

*Two refinance options. The VA loan program allows homeowners with existing VA loans the option to lower their monthly payment with a new interest rate. Eligible homeowners who financed their property with a loan other than a VA loan can refinance into the VA loan program

*You may be able to have someone take over your mortgage payment, which can be a big benefit in an environment of rising interest rates