Benefits and Considerations
Low or No Down Payment
A VA mortgage loan requires little or no money down at closing - a valuable benefit that's unique to the VA home loan program.
Lower Monthly Payments
Because the VA guarantees a portion of your loan, you won't need to pay mortgage insurance premiums - a significant monthly savings.
Simplified Approval Process
VA loans were designed to offset common financial challenges faced by military families and veterans, and to simplify the approval process.