A VA Home Loan helps Servicemembers, Veterans, and eligible surviving spouses become homeowners.
BENEFITS:
- No down payment as long as the sales price doesn't exceed the appraised value.
- No private mortgage insurance premium requirement.
- VA rules limit the amount you can be charged for closing costs.
- Closing costs may be paid by the seller.
- No penalty fee if you pay the loan off early.
- VA may be able to provide you some assistance if you run into difficulty making payments.