4 Things To Know About
VA Home Loans
Veterans Affairs guarantees a portion of home loans so lenders can provide military service members and Veterans with more favorable terms. Read on to learn more about how VA loans could help you.
1. Make Sure You're Eligible
Active duty service members, Veterans, Reservists, and National Guard members who meet service requirements, as well as surviving spouses may qualify.
3. No Pre-Payment Penalty
Some lenders charge a pre-payment penalty if you pay off your mortgage early. VA Home Loans allow you to pay your loan off anytime without a pre-payment penalty.
2. Requires No Down payment
VA guaranteed loans require no down payment and no mortgage insurance, which could save you money, every month.
4. Available Loan Assistance
If you are struggling or unable to make payments on your mortgage, the VA can negotiate with the lender on your behalf.
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