If you are a first-time home buyer or have bought a home before and have less than perfect credit you have come to the right place. Our VA loan experts will take you through the loan process step-by-step.

With a VA Loan you can:

• Purchase a Home
• Avoid PMI
• No Down Payment!
• Get Lower Interest Rates
• Refinance to a Lower Fixed Rate

VA Loan Core Benefits (Revised)

Tags: VA Loan, Home Buying Benefits, No Down Payment Mortgage, Avoid PMI, Lower Interest Rates, Mortgage Refinance, Veteran Home Loan, VA Loan Advantages

Key Advantages of Using a VA Home Loan

If you’re eligible for a VA loan and considering buying or refinancing, it helps to know the key benefits. Here’s a simple breakdown of what a VA loan can offer:

Purchase a Home

First and foremost, a VA loan is designed to help eligible veterans, service members, and surviving spouses buy a home. It’s a tool specifically created to make homeownership more accessible for the military community.

Avoid PMI (Private Mortgage Insurance)

With many conventional home loans, putting down less than 20% usually means paying Private Mortgage Insurance (PMI), an extra monthly cost that protects the lender. VA loans don’t require PMI, which can lead to significant savings on your monthly housing expenses.

No Down Payment!

Saving for a down payment is often a major hurdle. For qualified borrowers, VA loans frequently allow financing the entire purchase price of a home. This possibility of needing zero money down makes getting into a home much more achievable for many.

Get Lower Interest Rates

Because a portion of the loan is guaranteed by the VA, lenders can often offer more competitive interest rates compared to some other loan types. A lower interest rate generally means lower monthly payments and less total interest paid over the years you have the loan.

Refinance to a Lower Fixed Rate

VA loans aren’t just for buying homes. If you’re already a homeowner, you might be able to use a VA refinance product to secure a lower fixed interest rate on your existing mortgage. Homeowners often use this option to reduce their monthly payments or gain the stability of a fixed rate.