What exactly is a VA Loan? A VA loan is home financing mortgage loan insured by the U.S. Department of Veterans Affairs (VA).

What exactly is a VA Loan? A VA loan is home financing mortgage loan insured by the U.S. Department of Veterans Affairs (VA).

This particular loan is just released by qualified lenders like United States Of America mortgage loans. The VA Loan Program has helped more than 20 million veterans and their families purchase an affordable home with distinct advantages to traditional mortgage lending options since its inception in the 1940’s.

The VA loan enables veterans to obtain 100% funding by having a zero down re re re payment, without personal home loan insurance coverage (PMI), sufficient reason for a power credit as high as $6,000. A standard old-fashioned loan (Fannie Mae/Freddie Mac) calls for the very least down re payment of 20% in order to avoid spending money on PMI. Continue reading What exactly is a VA Loan? A VA loan is home financing mortgage loan insured by the U.S. Department of Veterans Affairs (VA).