Can A Veteran Use The VA Loan?
The VA Loan is backed by the Department of Veterans Affairs and helps servicemembers, Veterans, and family members in certain circumstances purchase a home without a down payment. Most Veterans are eligible to use the VA Loan. There are some time-in-service requirements, which vary depending on when you served. Your type of discharge also impacts…
When Did I Need To Serve To Use The VA Loan?
The VA Loan allows military members and those who served in the military to purchase a home without the requirement for a down payment. Typically, a lower down payment adds the requirement for Private Mortgage Insurance, which can be costly. But the VA Loan does not include this extra cost. While the VA Loan does…
Where Can I Buy A Home With the VA Loan?
The VA Loan is a mortgage option available to military service members, Veterans, retirees, and some family members. It allows them to purchase a home without a down payment while still getting a great rate and approval based on their credit. There are a few restrictions on the type of home that you can purchase…
Who is Eligible For the VA Loan?
The VA loan is designed to allow military servicemembers to purchase a home without having to save up a sizable downpayment. It originated following World War II, when so many servicemembers were returning from war without the equivalent opportunities that those who did not go to war had. Millions who had been drafted, as well…
What Is The VA Loan?
If you are a Veteran, there are a few perks that you get when buying a home thanks to your service. One of those is the VA Loan. VA stands for Veterans’ Affairs. This is the office that guarantees the loan and makes it available for Veterans, some National Guard members, and some families. The…