Buying a home is perhaps the largest investment you’ll make in your lifetime, so it’s important to choose the right mortgage from the start.
Designed to offer long-term financing to American veterans, VA mortgage loans are guaranteed by the U.S. Veterans Administration. The qualification requirements for VA home loans are much lighter in comparison to conventional mortgages. Since VA loans are insured by the federal government, interest rates are pushed even lower, and even higher-risk applicants have a much greater chance of qualifying.
VA loans are guaranteed by the U.S Department of Veterans Affairs and are available to active military and veterans only.