VA Loans

The U.S. Department of Veterans Affairs (VA) offers government-insured VA loans that can help Service-members, Veterans, and eligible surviving spouses become homeowners.

Benefits of VA Loans

  • Available in a variety of fixed-rate and adjustable-rate loan options.
  • Has low and no down payment options.
  • Allows closing costs to come from a gift or grant.
  • Doesn't require monthly mortgage insurance.

VA Loans
  1. VA loans require a VA funding fee at closing. The fee is higher with a zero down payment. If a down payment of 5% or more is made, the fee is reduced. The VA funding fee is non-refundable.
  2. Government loans are not limited to first-time homebuyers.