Veterans Day | What is a VA loan?

Today is Veteran's Day — and we can’t let the day pass without sharing our gratitude for the selfless men and women who have served our country. Today and always, thank you!

One of the things we love most about being agents is helping local veterans reach their homeownership goals, often through VA loans. 

We wanted to pass along some information about VA loans should you or someone you know qualify. In this market, a VA loan could be the key that unlocks the door to homeownership!

A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs (VA). To qualify, you must be a veteran or service member who meets certain eligibility requirements. Here are some of the benefits of VA loans:

• No down payment required
• Lower interest rates than conventional loans
• More flexible credit requirements
• No private mortgage insurance (PMI) required
• Funding for closing costs may be available

If you're a veteran or service member considering buying a home, look into VA loans. They can be a great way to save money and make homeownership more affordable.

If you have any questions about VA loans or other types of mortgages, don't hesitate to send us a message. We’d happy to help you find the right loan for your needs.

Source: VA Home Loans