What is a VA Home Loan
VA Home Loans are a great way for veterans and their families to experience the benefits of homeownership . In many instances, VA Home Loans may not require a down payment.The Veteran Affairs (VA) helps Service members, Veterans, and eligible surviving spouses become homeowners. A VA home loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry). The VA does not provide the loan itself – A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms
