The VA home loan is a loan system created by the United State Department of Veteran Affairs (VA). The VA is a guarantee of a portion of the loan towards loss, this enables the lender to provide veterans with more favorable loan terms. The VA home loan has made the home buying process for veterans even much easier than expected, all you need to do is apply for a VA loan when trying to buy a home.
What benefits come with the VA home loan
- No down payments
- No private mortgage insurance premium
- No penalty fee can be charged by lenders if you make payments ahead of schedule
Any questions? We are here to help, so contact us today! By planning ahead, you will know just what you can afford and stay out of surprises and unplanned expenses.