What Is A VA Loan And What Are The Benefits

What Is A VA Loan And What Are The Benefits

Image title

What is a VA Loan?


In 1944, the U.S. government created a military loan guaranty program to help returning service members purchase homes. The result, the VA Loan, is a mortgage loan issued by approved lenders guaranteed by the federal government. Since its inception, the VA Loan program has helped place more than 20 million veterans and their families into an affordable home financing situation.



Today, the VA Home Loan program is more important than ever to service members. In recent years, lenders nationwide have tightened their lending requirements, making the VA Loan a lifeline for military homebuyers, many of whom find difficulty when faced with tough credit standards and down payment requirements. For more information you can also visit: http://www.benefits.va.gov/homeloans/


There are many benefits in using a VA Loan:

  • NO PMI - Since VA Loans are government backed, banks do not require you to buy Private Mortgage Insurance.

  • 0% Down

  • Competitive Interest Rates

  • Easier to Qualify 


If you are military (active or retired), fire fighter, law enforcement, or teacher please contact us at www.loudounheroesnetwork.com to learn about discounts and rebates to be applied to your home purchase or the sell of a home.


I'm not a licensed lender but if you would like to talk with a lender about this program please contact me and I will put you in touch with several  that can help you. 


SEARCH HOMES HERE



Melody Visser Headshot
Author:
Phone: 703-785-8203
Dated: August 25th 2015
Views: 878
About Melody: Melody Hall Visser is a passionate Realtor who lists, sells, and dwells in Northern Virginia. Curren...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

10 Questions To Help You Declutter - 10 Questions To Help You Declut
10 Questions To Help You Declutter - 10 Questions To Help You Declut
Owning A Home Is A Noble Goal - Are you currently renting or living
Five Ways You Can Get Your Earnest Money Back - No matter how much time you spend on

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Virginia
43723 Lees Mill Square
Leesburg, VA
571-350-8632