VA loans are available to qualifying veterans and members of the armed forces. With a VA loan, you won't have to make a down payment. Plus, VA loans qualification guidelines are more flexible than FHA or conventional mortgage loans.
A VA Loan might be right for you if:
You are a veteran, member of the military or a surviving spouse
You want a mortgage with no money down
You want to take advantage of benefits that only are available to veterans who have served their country
Features & Benefits
No down payment is required
No monthly private mortgage insurance (PMI) required
Refinance up to 90% of your home's value
Flexible credit guidelines
Minimal cash out of pocket, down payment and closing costs can come from gift funds