VA Loans

The Department of Veterans Affairs (VA) offers loan programs to help servicemembers, veterans, and their families buy homes. The VA sets the rules for loan qualification, arranges the terms under which mortgages may be offered, and guarantees any loan made under the program. Some VA loans are available with no down payment. It's important to keep in mind that not all lenders participate in the VA home loan program.

If you are a veteran, it is hard to beat a VA loan.

VA Advantages

  • No Down payment required, can't exceed 100% LTV (this is a HUGH benefit)
  • Limits on closing costs
  • Eligibility and use
  • No loan limit on those with full eligibility
  • No mortgage insurance
  • If disabled VA Funding fee is waived
  • Expedited refinance options
  • More competitive interest rates than Conventional loans

VA Disadvantages

  • VA Funding Fee
  • Eligibility and usage restrictions

Apply Here
References:
CFPB VA loan description
VA Loan Limits

CONTACT INFO

Brian Satterlee - NMLS 1932836

Email: Brian@BrianSatterlee.pro

Telephone: (321) 351-7456