top of page

Veterans Affairs (VA) Home Loans

Did you or someone you love serve in the military? Thank you and thank them! Now read closely…

For over 80 years, the Veterans Affairs (VA) home loans have helped millions of veterans buy their own dream homes! Did you know if someone is eligible for a VA

loan, they’re guaranteed this benefit for a lifetime? This can help pave a smooth path for a comfortable future! In fact, more than 20 million loans have been guaranteed by the Department of Veterans Affairs since 1944. However, just because they’re widely used doesn’t mean all eligible service members understand how they work.

When looking to buy a home with a VA loan, keep the following in mind:

These loans provide a supportive journey to homeownership for those who have sacrificed their lives and served our nation. According to the Department of Veteran Affairs:

  • Options for No Down Payment: Qualified borrowers can often purchase a home with no down payment. That’s a huge weight lifted when you’re trying to save for a home.

  • Limited Closing Costs: There are limits on the types of closing costs you pay when you qualify for a VA home loan. So, more money stays in your pocket when it’s time to seal the deal.

  • Don’t Require Private Mortgage Insurance (PMI): Many other loans with down payments under 20% require PMI. VA loans do not, which means veterans can save on their monthly housing costs.

  • They must be used on primary residences! Unfortunately, you can’t use your VA loan benefit to buy an investment or vacation property.

A recent article from Veterans United sums up just how impactful this loan option can be:

“For the vast majority of military borrowers, VA loans represent the most powerful lending program on the market. These flexible, $0-down payment mortgages have helped more than 24 million service members become homeowners since 1944.”

2 views0 comments


bottom of page