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VA
Helping service members, veterans, and eligible surviving spouses become homeowners.
All servicemembers, veterans, and spouses of those who have/currently are serving may be eligible to the multitude of options and benefits provided from a VA loan to help you buy, build repair or retain a home.
No money down required
Low interest rates
Limited closing costs
No PMI (Private Mortgage Insurance)
Lifetime Benefit
Government limits the amount of closing costs and origination fees lenders can charge, as well as appraisal fees
There is no limit to the number of times a veteran may use the program
Right to prepay loan without penalties
Limited closing costs
Mortgage can be taken over (or “assumed”) by the buyer. Counselling and assistance is available to veteran borrowers having financial difficulty or facing default on their loan
VA loans were established to provide transition assistance and other benefits to men and women who served or are serving in the Armed Forces. This includes the Army, Navy, Air Force, Marines, Reservists, National Guardsmen, and certain surviving spouses. Disabled veterans may qualify for additional benefits on a VA home mortgage loan.
VA Loans help veterans, service members, and their survivors to buy, build, improve, or refinance a home and may offer better terms than with a traditional loan from a private bank, mortgage company, or credit union.