As the saying goes, freedom isn't free. It requires men and women to do difficult and dangerous work, to move frequently to new deployments and to endure long separations from their families. But when it comes time to put down roots, America has your back. Let our Mortgage Specialists explain the benefits of VA loans that feature low rates, low closing costs and no down payments.
- Veterans, active duty military, reservists and some spouses are eligible for VA loans
- 100% financing available on primary residences
- Lower origination fees, appraisal fees, and closing costs (family gifts and seller contributions can help cover closing costs)
- No prepayment penalties
- Fixed- and adjustable-rate loan options available
- Variety of eligible property types (single-family, townhomes, VA-approved condos, etc.)
- Available for qualified first-time and repeat homebuyers
- Minimum credit score is usually 620 (restrictions apply)
- Refinancing options available
