Veteran Benefits

Did You Serve?

VA FINANCING

A VA loan is a guaranteed mortgage loan supported by the U.S. Department of Veteran Affairs that allows veterans to obtain home mortgages without a down payment. The VA determines the eligibility and insurance for the loan, while a private lender disburses the loan.

A VA loan offers:

No maximum loan amounts

No early pay-off penalty

No down payment necessary

No private mortgage insurance

IMPORTANT INFORMATION

​Funding fees can be financed in a VA loan. Only primary residences qualify for this mortgage program, and homeowners must certify their intent to occupy the primary residence within 60 days. A spouse may satisfy occupancy if the Veteran is on active duty or is unable to occupy the residence due to distance employment. Surviving spouses are eligible for a VA loan, provided that they do not remarry. The VA limits the amount charged for closing costs.  

 

TO FIND OUT IF YOU QUALIFY, CONTACT ONE OF OUR AGENTS TODAY!

* Information courtesy of imortgage.com.