VA Home Loans
VA Loans offer eligible military service members and veterans favorable mortgage terms, including no down payment requirements and competitive interest rates, to help them achieve homeownership. Additionally, VA Loans come with no private mortgage insurance (PMI) requirement, further reducing monthly costs for qualified borrowers and making home ownership more accessible and affordable for those who have served our country.
Why a VA Loan?
A VA loan is a mortgage loan that is guaranteed by the U.S. Department of Veterans Affairs (VA) and is designed to help veterans, active-duty military members, and their families purchase or refinance a home. VA loans offer a variety of benefits, including no down payment requirements, lower credit score requirements, and no private mortgage insurance (PMI) requirement.
VA loans can be used to purchase a variety of types of properties, including single-family homes, townhouses, and condominiums, as long as they meet the VA’s property requirements. The VA loan program is intended to make homeownership more accessible and affordable for military families.
Misconceptions
VA loans are issued by the VA – The VA does not actually issue VA loans; instead, VA loans are issued by private lenders, such as banks and mortgage companies, and are guaranteed by the VA.
High Interest Rates – VA loans typically have competitive interest rates compared to other loan programs. In fact, VA loans often have lower interest rates than conventional loans.
Only Available For Certain Types of Properties – VA loans can be used to purchase a variety of types of properties, including single-family homes, townhouses, and condominiums.
VA Loans Take Longer To Close – While VA loans do require certain inspections and appraisals, they do not necessarily take longer to close than other loan programs. In fact, VA loans can sometimes close faster than other loan programs because of the VA’s appraisal process.
Other Loan Options
- Fixed Rates
- Adjustable Rate Mortgage (ARM)
- Jumbo & Super Jumbo Loans
- FHA & USDA Loans
- Down Payment Assistance
- Renovation
- Reverse
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Company NMLS #1946237
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Licensed to Do Business in the State of AK, CO, FL, GA, IA, MN, NC, OH, PA, TX & WI | NMLS #1946237
North Carolina – B218254 | Ohio – RM.805090.000
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HOME LOAN ADVISORS POWERED BY MORTGAGE NERDS, LLC.
601 Channelside Walk Way #1339, Tampa, FL 33602
Licensed to do business in the states of FL, WI & NC
4090 W Spencer Street
Appleton, WI 54914
Licensed to do business in the states of AK, CO, GA, IA, MN, OH, PA & TX
(724) 510-8447
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For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.
Other restrictions may apply. Home Loan Advisors Team, NMLS #1946237. An AGENCY NEXT production.