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VA Loans

A VA loan is a powerful home buying benefit exclusively for veterans, service members, and select military spouses. Backed by the Department of Veterans Affairs, this program offers 100% financing, meaning no down payment is required, and borrowers can enjoy lower interest rates and no private mortgage insurance (PMI).

VA loans are designed to honor those who have served by providing a more accessible path to homeownership, with lenient credit requirements and no prepayment penalties.
VA loans often come with lower interest rates compared to conventional loans, thanks to the VA guarantee.

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100% Financing

Backed by the Department of Veterans Affairs, this program offers 100% financing.


No PMI

VA loans do not require monthly PMI, which can significantly lower monthly mortgage payments.


$0 Downpayment

VA loans are one of the few mortgage options that do not require a down payment, facilitating homeownership for the military community.


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VA Loan Highlights

Flexible Credit Requirements: Credit score requirements for VA loans are typically more lenient than for conventional mortgages, making them accessible to a broader range of borrowers.

VA Funding Fee: A one-time funding fee is required, which can be rolled into the loan amount. This fee varies based on loan type, military category, and whether it's the borrower's first VA loan. Certain conditions, such as receiving VA disability, may exempt the borrower from this fee.

No Loan Limits for Qualified Borrowers: As of recent changes, there are no loan limits for VA loans for qualified borrowers with full VA loan entitlement, allowing for the purchase of higher-priced homes without a down payment.

Assumable Loans: VA loans can be transferred to future buyers if they qualify, potentially making the property more attractive.

Foreclosure Avoidance: The VA offers assistance to borrowers facing financial hardship to avoid foreclosure, providing a level of security.

Variety of Eligible Property Types: Borrowers can purchase a variety of property types, including single-family homes, condos approved by the VA, and multi-unit properties, provided the borrower intends to occupy one of the units.

Refinancing Options: The VA offers refinancing options to lower interest rates or convert home equity into cash, including the Interest Rate Reduction Refinance Loan (IRRRL) and the VA cash-out refinance.

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