What’s a VA Home Loan?
VA home loans are extended to service members, veterans, and eligible surviving spouses. This means the VA guarantees a portion of the loan, helping homeownership become a reality through more favorable loan terms. The VA loans guarantees benefits and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.
80% of the country’s veteran population are homeowners when compared with just 60% of non-veterans. More veterans own homes than do non-veterans — but only 13% of veterans in the U.S. have ever fully utilized their VA loan benefits.
For Qualified Borrowers
- No Downpayment
- Favorable Interest Charges
- No PMI (where PMI is required)
- Help with fees
- Adjustable or Fixed Rate Options
Eligible Properties
- A family home / owner occupied
- A condominium unit
- A manufactured housing unit built on a permanent foundation
VA loans are being made available in: New Jersey, New York, Connecticut, Maryland, Virginia
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