VA Loans can benefit eligible borrowers in the following ways:
Guaranteed by the government, VA loans are an option for service members, veterans, surviving spouses, and a number of other individuals who meet the eligibility requirements set by the Department of Veterans Affairs. They are among the few programs that can offer the option of 100% financing (no down payment).
VA loans can be used to purchase a home or refinance an existing loan. They also offer cash-out options that can provide funds to pay debt, make home repairs or improvements or finance a major expense. Your Mortgage Loan Originator can explain all the unique features and options available through a VA home loan.
You may want to consider a VA Loan when you: