VA Loan Qualifications

Veteran Benefits

Take Advantage of your veteran benefits

Va Loan Benefits

why use your benefit

  • No downpayment unless required by the lender or the purchase price is more than the reasonable value of the property
  • No private mortgage insurance premium requirement
  • VA rules limit the amount you can be charged for closing costs
  • Closing costs may be paid by the seller
  • The lender can’t charge you a penalty fee if you pay the loan off early
  • VA may be able to provide you some assistance if you run into difficulty making payments
  • You should also know that:
  • You don’t have to be a first-time home buyer
  • You can reuse the benefit
  • VA-backed loans are assumable, as long as the person assuming the loan qualifies
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