VA Loans

VA loans are a valuable benefit offered to eligible U.S. veterans, active-duty military personnel, and surviving spouses. These loans are guaranteed by the Department of Veterans Affairs, which allows lenders to offer favorable terms, often including no down payment requirement. One of the most significant advantages of a VA loan is the absence of private mortgage insurance (PMI), which can result in substantial savings for the borrower. While there is typically a one-time VA funding fee, it can often be rolled into the loan amount. VA loans also tend to have competitive interest rates and more flexible credit requirements compared to conventional loans, making homeownership more accessible for those who have served our country. These loans can be used to purchase, build, improve, or refinance a primary residence.