January 24, 2022
4 min
What Exactly is a VA Loan? A Guide to the VA Mortgage Program
Understanding what a VA loan is, who is eligible and how they work is important in the homebuying process.
Understanding what a VA loan is, who is eligible and how they work is important in the homebuying process.
VA loans provide a huge benefit to active duty military and Veterans. They are designed to help military members become homeowners, despite the unique challenges that come with deployment, income, or other hurdles.
A VA home loan is a great option if you qualify. They come with attractive benefits like no down payment and no monthly mortgage insurance. Like any mortgage product, VA loans come with closing and settlement costs.
Knowing the pros and cons of the VA loan can help you make the right decision in which loan option is best for you.