Loan Purpose?



Benefits of VA Home Loans

*No monthly mortgage insurance premiums or PMI to pay

Who is Eligible for a VA Loan?

*Veterans and service members are eligible for a VA home loan

*If you are a veteran, previously, active or retired or a National Guard or Reserve member you may be eligible for a VA loan

*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
*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

*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

Refinance Option A: The VA loan program allows homeowners with existing VA loans the option to lower their monthly payment with a new interest rate with. For instance:
*Fixed Rate/Term
*Cash Out Refinance

Refinance Option B: Eligible members who financed their property with a loan other than a VA loan can still refinance into the VA loan program.