Through the benefits offered by the VA to eligible veterans and active service members, the VA home loan program represents one of the best loan programs for purchasing a home or refinancing an existing mortgage. Because the VA insures up to 25% of a VA loan, lenders are able to offer favorable benefits and loan terms to borrowers who qualify for the program.

These benefits include:

  • No down payment required.
  • No penalty to pre-pay or to refinance your VA home loan at any time.
  • No mortgage insurance premiums to pay.1
  • Flexible credit standards.
  • Options available to tailor your mortgage to your specific situation.
  • An assumable mortgage.

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1  VA Funding fee applies.