A VA home loan is exclusively available to active-duty servicepersons, reservists, veterans, and their surviving spouses. VA is unique in that it allows up to 100% financing for a home purchase or refinance. No other program allows for 100% financing, with no mortgage insurance, and lower rates and closing costs.
Buying a home is easier with a VA home loan
$O down payment.
NO mortgage insurance.
Lower closing costs.
Less-than-perfect credit allowed – FICO scores as low as 560.
Easy qualifying with higher debt-to-income ratios.
Lower rates than conventional loans.
Great reasons to refinance with a VA loan
Get more cash-out, can refinance up to 100% of your home’s value.
Debt consolidation and home improvement solutions.
Credit challenges are no problem can have FICO score as low as 560.
Skip up to 2 mortgage payments.
Receive an escrow refund from your current lender.