In 1944, Congress created the VA Loan program to help returning war veterans achieve the dream of home ownership. Since then, the Department of Veterans Affairs has helped more than 18 million military members purchase homes.
VA loan programs are available to eligible veterans for the purchase of a home. VA loans are particularly beneficial to those veterans that do not have much cash available. VA guidelines allow higher front-end and debt ratios compared to other loan programs, and it’s easier to qualify for.
Benefits of the VA Loan
|✓ No down payment requirements||✓ Ability to finance the funding fee|
|✓ No mortgage insurance premiums||✓ Low interest rates|
|✓ No prepayment penalties||✓ Easier to qualify for|
|✓ Low monthly costs||✓ 15 yr and 30 yr fixed mortgage|
VA Home Loan Info
|→ Apply for a VA Loan||→ Qualifying for a VA Loan|
|→ Why do I have to pay for a VA Funding Fee?||→ Is my loan limit only $36,000?|
|→ What determines a credit score?||→ Can I have 2 Va Loans?|
|→ VA Loan Income Standards||→ What is a VA Jumbo Loan?|
Most Popular Categories
→ Tips, resources and information for First Time Home Buyers
→ Click here for home buyer information beyond the basics
→ Selling Your Home? Click here to learn how to make the transaction a smooth process.
→ What is a VA loan? How does it work? Click here for info about the VA Loan benefit.
→ What is the maximum $0 down loan limit for your County or Parish?
→ Buying a condo or PUD? Click here for info about condos approved for VA financing.
→ What is a VA Funding Fee? Can I get a waiver on my Funding Fee? Requirements and regulations.
→ Refinance into a VA Loan to lower your interest rate.
→ What are the $0 down loan limits for each state? Click here for more info about your state.
→ Click here for news and updates about the VA program.
→ Am I eligible for a VA loan? Click here to find out.