VA Loans
Overview, Pros, and Cons
VA Loans
Overview
Pros
Cons
Overview
This program helps veterans, eligible surviving spouses, and active duty service-members obtain financing for homeownership. These VA loans are provided through private lenders with the VA guaranteeing a portion of the loan, which enables the private lender to provide you with very favorable loan terms.
- Loan for active military or veterans, click here to verify eligibility.
- Loan amount limits vary widely by county.
Pros
- No down payment needed and there is no mortgage insurance (no PMI).
- This is the best and cheapest loan out there – as it should be for the people who fight for our freedom!
- Underwriting guidelines tend to be less strict when compared to conventional.
Cons
- Upfront funding fee depending on the type of eligibility, click here for to go to VA’s website for more information.
- That’s pretty much it for cons – if you are eligible, in most cases, this is the loan to go with!
How Can All Shores Help You?
Whether you’re looking to buy a home, refinance or consolidate debt, we will work with you to find the answer that best fits your needs.
