VA Loans
VA Loans are a powerful benefit provided to eligible Service Members, Veterans, and their families, with the loan guarantee backed by the Veterans Administration.
VA Loans are issued by private lenders (banks, credit unions, etc.) under highly favorable terms.
Key advantages include:
- $0 Down Payment in most cases.
- No Private Mortgage Insurance (PMI) required.
- Generally lower interest rates and relatively low closing costs.
- The benefit is a lifetime entitlement and can be used multiple times.
VA Loans can be used for purchases, and they also offer the Interest Rate Reduction Refinance Loan (IRRRL), a "Streamline Refinance" with minimal documentation, as well as Cash-Out Refinance options.
For full eligibility and details on the VA loans, please access the VA Buyer’s Guide here:
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