What is a VA Home Loan?
A VA Loan is Designed to offer long-term financing to American Veterans. VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. It is generally easier to qualify for a VA loan than conventional loans. VA Loans have several unique benefits that we will go over below.
Zero Down Payment
VA Home Loans have 0% down payment options for qualified Veterans
No Out of Pocket Cost Refinances
Qualified Veterans can streamline refinance with no costs out of pocket
No Mortgage Insurance
VA Home Loans require NO monthly mortgage insurance, unlike FHA and conventional loans under 20% down, which do require mortgage insurance
No Income Refinances
If you already have a VA Home Loan, you may qualify to refinance and lower your rate without needing to go through income qualification.