The Amazing Benefits of VA Loans
Unbeatable Perks that Help Our Veterans Purchase Their Dream Home The VA Loan Program is one of the best mortgage options out there. VA Loans are designed to make homeownership affordable for veterans and active-duty military members. There are millions of veterans and service members that are eligible, but only a few use their benefit. If you qualify for this type of loan, here are a few reasons to take advantage now! VA Loans are relatively easy to qualify for. VA Loans are backed and guaranteed by the U.S Government. Because there is less risk involved for the bank, there is a higher chance of loan approval compared to an FHA or Conventional Loan. Additionally, lenders are more flexible regarding an applicant’s credit score. A Down Payment is not required. This is a HUGE perk of qualifying for a VA Loan! Usually, with an FHA loan or conventional loan, you will need to pay a minimum of 3.5% - 5%. On a home priced at $300,000, $15,000 would need to be placed down with an F