Veterans Affairs loans are home mortgages guaranteed by the U.S. Department of Veterans Affairs. Think of a VA loan as a thank-you to the people who serve our country.
For qualified homebuyers, a VA loan does not require a down payment. The no-down-payment element is the most popular feature of VA loans. Another advantage is that the credit requirements for a VA loan are more forgiving. You don't have to have 2 years of excellent credit to get a VA loan, as long as you earn enough money to make the payments.
Getting a VA loan takes a few more steps than a conventional mortgage, although the paperwork is not burdensome. You're eligible for a VA loan if you're on active duty, are an honorably discharged veteran, or have completed 6 years of service in the National Guard or selected reserves. Some surviving spouses of veterans are eligible for VA loans, too.
Whether you want a VA loan to buy a home or to refinance, these articles will inform you about this gift from Uncle Sam in appreciation of your service to our country.
- 5 things you should know about getting a VA loan
Demand for Veterans Affairs loans has surged recently. What are the pros and cons?
- 3 options to refinance into a VA home loan
If you qualify for a Veterans Affairs mortgage, you have some excellent reasons to refi.
- VA loans offer good deals
Refinancing -- Veterans Affairs loan or not -- is a major move. Follow this guide.
- What is a VA loan?
Find out how a VA loan differs from a standard home loan and who may be eligible for the program.
- Can a VA loan be used to buy a short sale?
There are reasons why getting a VA loan isn't the easiest way for a veteran to buy a short sale.
- 5 mortgages that require little money down
Surprisingly, buyers with little money for a down payment are successfully getting mortgages.
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