We talked about VA home loan being one of the most popular loans for our veterans. These loans have plenty going for them, and the benefits are phenomenal.
No down-payment for these loans is very desirable and not having MI (Mortgage Insurance) makes them even better. VA loans tend to have great interest rates (usually better than Conventional loans) and have the much easier qualification to go with that.
There are of course some restrictions for VA loans that we will talk more in next chapter, but here are some of the highlights of VA loans:
· 100% financing.
· No monthly MI.
· If the veteran is disabled and qualifies for the disability, there will not be any upfront funding fee that could be up to 3.3% if it is the multiple uses of VA loan.
· Great interest rates (fixed and ARM options).
Call or email us today to get qualified for your VA Mortgage loan. You can click on the banner below to take our full online application.