VA Home Loan Benefits Guideline
The VA Home Loan Benefits has more flexible requirements compared to other loan programs. Learn more below to see if you can use this option to your advantage when purchasing a home. A great option for military members and veterans.
0% Down Payment
Step into your new home with zero money down
This program requires a minimum 500+ FICO credit score.
No Mortgage Insurance
There is no mortgage insurance required for this program (lower monthly payment).
Overview of the VA Home Loan Program
VA Loans are designed to help service members and Veterans obtain financing at very reasonable rates and requirements. VA loans offer financing up to 100% of the home's value with no maximum loan limit. For loans above $725,000, lenders may require a 10% down payment.
This program is exclusively for active military and veterans. Branches that are included are the following; Army, Navy, Coast Guard, Marine Corps, Air Force, National Guard and Reserves.
The VA Loan is a wonderful benefit given to those that have served our country and it is our honor to help any military service member buy their own home.
Additional VA Mortgage Loan Benefits
There are additional pros of going with this program when purchasing your home.