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.
- 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
- 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!