What is a VA Mortgage?
A home loan product made for the brave men and women who served our country, as well as active duty military. A VA loan is a home loan guaranteed by the U.S. Department of Veterans Affairs and offered through private lenders. The VA doesn't lend the money directly; its guarantee reduces the lender's risk, allowing for significantly more favorable terms than conventional or FHA financing.
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VA loans offer a 0% down payment
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VA loans have flexible credit guidelines, allowing credit scores down to 500.
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No PMI or MIP required, regardless of down payment amount, which can result in substantial monthly savings.