Category: VA Home Loans

  • VA Home Loans Allow Seller Concessions

    VA Home Loans Allow Seller Concessions

    Another benefit of a VA loan is that it allows seller concessions. Seller concessions are closing costs that the seller has agreed to pay. Seller concessions include, but are not limited to, the following: payment of the buyer’s VA funding fee prepayment of the buyer’s property taxes and insurance gifts such as a television set […]

  • VA Loans Do Not Charge Monthly Mortgage Insurance

    VA Loans Do Not Charge Monthly Mortgage Insurance

    Perhaps one of the biggest advantages of getting a VA home loan is that the VA does not charge monthly mortgage insurance. This translates into a nice monthly savings and allows the borrower increased buying power with their budget. Conventional mortgage loans and FHA mortgage loans do charge monthly mortgage insurance, making VA mortgage loans […]

  • VA Loans Have Lower Interest Rates On Monthly Payments

    VA Loans Have Lower Interest Rates On Monthly Payments

    One of the benefits of a VA home loan is that you pay lower interest rates on monthly payments. For many veterans, VA mortgages offer the most competitive rates on the market. And during this time of rising interest rates, that is a great benefit. Since VA mortgage loan rates are not tied to credit […]

  • VA Loans Have Lower Credit and Income Requirements

    VA Loans Have Lower Credit and Income Requirements

    One of the benefits of the VA loan program is that getting approved for a VA loan is easier than getting approved for a Conventional or FHA loan because a veteran’s credit score and income levels do not have to be as high for approval. The VA doesn’t have a minimum credit score requirement, but […]

  • VA Loans Do Not Require A Down Payment

    VA Loans Do Not Require A Down Payment

    The VA mortgage loan program allows veterans and military personnel with qualifying income and credit to purchase their home without a down payment. Most mortgage programs, such as FHA and conventional loans, require at least 3.5 percent to five percent down. On VA loans, the federal guarantee takes the place of the down payment. Since […]

  • VA Loan Benefits

    VA Loan Benefits

    The U.S. government is grateful for all of the American veterans and military personnel who have served our country and they have created these VA loan programs to help veterans find, and keep, the home of their dreams…while making the purchase as affordable as possible. As a military family and veteran, there are several reasons […]

  • What Is A VA Loan?

    What Is A VA Loan?

    A VA home loan is a mortgage available through a program established by the United States Department of Veterans Affairs. VA home loans assist service members, veterans, and eligible surviving spouses to become homeowners. The Veterans Affairs (VA) sets the qualifying standards, dictates the terms of the mortgages offered and guarantees a portion of the […]