• VA mortgages are for Military Veterans!
• Thank you sincerely for your service!

VA mortgages can provide 100% financing (zero down) often qualifying people with lower credit scores and less income than conventional mortgages.

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.

Pros/Cons
Some of the advantages of a VA loan include the ability to buy a home with no down payment (as long as the sales price does-not exceed the appraised value), and no private mortgage insurance (PMI) requirement. VA-guaranteed home loans are also available for manufactured homes, though maximum loan amounts vary. The VA loan program also limits the closing costs you may be charged and gives you the right to prepay your mortgage without a penalty. Also, the VA may be able to offer you some assistance if you run into temporary financial difficulties.

There may be disadvantages to a VA loan. For example, a VA loan could have a higher interest rate than a conventional loan, although interest rates on VA loans are negotiable. In addition, most borrowers are required to pay a VA loan funding fee (currently between one and three percent of the amount of the loan).