- VA Loan:
Designed to offer long-term financing to American veterans, VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans.
Here’s how it works:
- No down payment is required
- A VA funding fee is paid to the VA (this fee can be financed).
- Loans for purchasing and refinancing are available
Apply for a VA Loan with a VA Qualified Lender.