The Benefits of a VA Home Loan

The Benefits of a VA Home Loan

The Benefits of a VA Home Loan

Why use a VA Home Loan? What are the benefits of it?

 

There are numerous reasons to use a VA Home Loan instead of, say, a traditional mortgage. Some of the best and most stellar examples, though, would include:

  • Down payments are often not required, due to the backing provided by the VA.
  • Credit score requirements may be avoided or reduced based on VA-backing (the VA itself won’t require a credit score, but the private lender may).
  • Closing costs may be assumed by the seller.
  • Home Loan Guarantee eligibility can be re-used under certain circumstances.
  • VA Regional Loan Centers have loan counselors who can help you or advise you if you’re in the market or exploring options in the future.
  • Also – the VA’s Interest Rate Reduction Refinance Loans (IRRRL) program can help qualifying veterans and servicemembers refinance existing loans with relative ease.
No Comments

Post A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Log in

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy