$0 Down
The VA Loan is the only home mortgage program left that allows 100% financing. Conventional loan programs now require a minimum of 5% down and sometimes up to 20% down depending on your credit.
Low Interest Rates and NO Mortgage Insurance
VA Loans are fully guaranteed by the government. Because of this guarantee banks are able to offer loan interest rates and are not required to carry mortgage insurance on VA Loans.
This equates to huge monthly savings to a VA Borrower (around 1% interest rate savings)
Seller can pay ALL your Closing Cost and Prepaid Items
With a VA Loan the seller is allowed to contribute up to 4% of the sales price towards closing cost and prepaid items. This means that you can purchase your home with $0 out of pocket.
Relaxed Qualification Process Because of the government guarantee VA Loans are much less difficult to obtain than conventional financing.
