VA LOAN
The VA (Veterans Administration) Loan provides veterans, reservists, and active military members with a federally guaranteed home loan, which requires no down payment. This program was designed to provide housing and assistance for veterans, reservists, active military, and their families.
Overview:
- No down payment requirements
- Flexible income, debt, and credit requirements
- Down payment and closing costs may be funded by a gift, grant or secured loan
- Available to qualified veterans, reservists, and active-duty service members
- Limited closing costs and no private mortgage insurance (PMI) required