VA Loans - Popular option for active military, veterans & their families.
No Required Down Payment
In most cases there’s no required down payment with this program. If the price of the home is over the appraised value or higher than the VA loan limit you’ll need to pay a down payment.
No Private Mortgage Insurance
Since the government sponsors VA home loans, there’s no Private Mortgage Insurance. As a result qualified buyers will experience lower closing costs and monthly payments.
Cover or Limited Closing Costs
VA loan rules limit how much a borrower pays in closing costs. This means you might end up paying less in closing fees than with other loan options. The program allows sellers to cover part or all of the closing costs.