What is a VA home loan?
VA loans are home mortgages backed by the Department of Veterans Affairs (VA). With a VA loan, eligible service members and veterans can refinance a home with little or no equity to get cash out or to lower their monthly payment. U.S. Bank offers 15- and 30-year options. Check out today’s 30-year VA refinance rates.
As an approved lender for the VA Home Loan Guarantee Program, U.S. Bank can offer service members, veterans, and eligible surviving spouses favorable terms on all types of home mortgage products. And if you don’t meet the qualifications for a VA loan, FHA loans offer similar advantages, including lower borrower equity requirements. Contact a mortgage loan officer today for more information about VA home loans and current VA mortgage rates.