MILITARY AND VETERAN MORTGAGE LOANS
The VA loan is very similar to the FHA loan but is specifically provided to active duty military, veterans and certain military family members. This loan type is issued by a private lender and is guaranteed by the Department of Veterans Affairs. It provides lower closing costs, negotiable interest rates and 100% financing. VA Loans are available for home purchase, construction of a home and energy-efficiency home improvements.
You will be required to provide a certificate of eligibility (COE). Visit https://benefits.va.gov/benefits/ and apply for your COE.
WHY WE LOVE THIS
- 100% Financing Available For Qualifying Borrowers
- No First Time Homebuyer Requirements
- Allows Seller Contribution to Closing Costs
- May be Eligible for No funding Fee (ask your local Mortgage Loan Officer for more details)