A VA Home Loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs but issued by qualified lenders. For veterans that qualify, the loan makes it easier for you to purchase or refinance a home.
If you’ve served in the armed forces, you’ve earned the right to utilize this benefit. Perhaps the biggest benefit of being a veteran is the VA loan.
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Who is eligible to receive a VA Loan?
If you are active duty, a service veteran or a surviving spouse you may be eligible for a VA Loan. The VA has specific requirements that must be met before a veteran is approved for the loan.
More Benefits of a VA Loan
You can finance up to 103.15% of the sale price which can allow closing fees and costs to be packaged into the loan.
The VA provides financial guidance for loan holders during hardship.
VA loans can be transferred with the seller’s permission to a new buyer when you sell the home.
