The VA Loan is widely recognized as one of the best ways for service members to purchase a home.
The VA Loan is respected and desirable because qualifying applicants can usually purchase a home with no down payment, no private mortgage insurance and secure comparably low rates, as the loans are guaranteed through the Department of Veterans Affairs and issued through approved lenders.
Realtor.com states that VA Loans are at an all time high, reaching a record number by its 70th anniversary this spring and covers other good-to-know details for service members and their families who may be making one of the biggest decisions of their lives.
You may qualify for a VA Loan if You are:
- Active-duty personnel
- Reservists/National Guard members
- Some surviving spouses