The VA Loan Advantage

Zero Down Payment –

One of the greatest benefits to financing your home with a VA loan is the ability to put zero down on the purchase of your home. This doesn’t mean that there aren’t any costs involved. However, compared to traditional loan programs that may require 5-20% down payment this advantage has been one of the major differences in helping over 20 million service members and Veterans achieve the dream of home ownership.

VA Loan Guaranty –

For a VA backed loan it isn’t actually the government making the loan to the qualifying service member or veteran. What the VA does is guaranty or back a loan made by approved mortgage lenders. With that guaranty the VA loan program can offer special benefits not available otherwise. For example,  100% financing, meaning no down payment within VA loan limits and reduced credit requirements if the borrower is an eligible Veteran.