VA Mortgage Loan
A VA mortgage is one that is completely insured by the Veterans Administration. It is available for those who have served our country in the military, and have the appropriate discharge papers (the DD 214 document).
The VA mortgage is one of the only remaining TRUE zero down options. There is no down payment required for this mortgage, and although there is an upfront VA funding fee collected at close, there is no monthly mortgage insurance in the payments. Like the FHA mortgage, the VA mortgage is not very credit sensitive. If the borrower has a lower credit score, they could still qualify for the best available rate. For these reasons, the VA mortgage is one of the best mortgages in the marketplace.
This loan can only be used for your primary residence, and a VA borrower can only have one VA mortgage extended to them at a time.
Please fill out the online loan application to find out how the VA mortgage program could work for you.
