The Most Powerful Mortgage Program Available
The VA Home Loan is widely considered the most powerful mortgage option on the market. Created in 1944 to help returning service members buy homes, it remains an unparalleled benefit for those who have served.
Because the Department of Veterans Affairs guarantees a portion of the loan, private lenders can offer you exceptionally favorable terms that simply aren't available to the general public.
Key Advantages of a VA Loan:
- Lower Interest RatesVA loans consistently offer lower average interest rates than conventional and FHA loans.
- Forgiving Credit RequirementsThe VA doesn't set a minimum credit score, making it easier to qualify even if your credit isn't perfect.
- Limited Closing CostsThe VA limits what you can be charged in closing costs. Sellers can also pay up to 4% of the purchase price toward your closing costs.
- No Prepayment PenaltiesYou can pay off your loan early without any financial penalties.
