VA Home Loan
The VA Home Loan is strictly for veterans. A BIG part of this program is you can get into a home with 0% down! That’s ZERO down or 100% financing on the value of a home. In order to qualify for a VA loan, you will need to have a certificate of eligibility and record of military service. VA loans are insured by departments of the United States government and the Government National Mortgage Association
What is a Conventional Home Loan?
Investopedia defines the VA Home Loan as follows:
What is ‘VA Loan’
A mortgage loan program established by the United States Department of Veterans Affairs to help veterans and their families obtain home financing. The Department of Veterans Affairs does not directly originate VA loans; instead, they establish the rules for those who may qualify, dictate the terms of the mortgages offered and insure VA loans against default.
Check out this video where Ryan Bazzell explains how to get pre-approved for your home loans.
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