VETERANS AFFAIRS LOANS

VA Loan

fixed rate

A Veterans Affairs (VA) loan is perhaps the most powerful and flexible lending option on the market today. Rather than issue loans, the VA instead pledges to repay about a quarter of every loan it guarantees in the unlikely event the borrower defaults. That guarantee gives VA-approved lenders greater protection when lending to military borrowers and often leads to highly competitive rates and terms for qualified veterans.

The most significant benefit of a VA loan is the borrower's ability to purchase with no money down. VA loans also come with less stringent underwriting standards and requirements than conventional loans. In fact, about 80% of VA borrowers could not have qualified for a conventional loan. These loans also come with no private mortgage insurance (PMI), a monthly expense that conventional borrowers are required to pay unless they put down at least 20 percent of the loan amount.

VA loans offer a few other benefits:

  • Down payment as low as 0%

  • Competitive interest rates that are routinely lower than conventional rates

  • No prepayment penalties

  • Higher allowable debt-to-income ratios than for many other loans

  • Streamlined refinancing loans that require no additional underwriting



Thank you for serving our country! Please contact us directly for personalized service on your VA loan.

Free Quote in Seconds!

Use our 3-step form to instantly see live rates along with closing costs.

What Clients Say About Us