Secondly, there are many Veterans that are aware of their housing benefit but don't utilize it. Perhaps one of the best benefits provided by the VA, every honorable veteran is entitled to is a VA Home Loan.
What is a VA Loan?
A residential mortgage loan in the United States of America and is guaranteed by the U.S. Department of Veterans Affairs (VA). The loan is not issued by the VA rather you must obtain one through a mortgage banker/broker.
Why a VA Home Loan?
There are many benefits in comparison to other mortgage finance programs currently offered. The most important detail of a VA Loan to many is 100% financing. Zero down allows you to save thousands of dollars immediately in comparison to a conventional loan that may require 10-20% down payment. The second most common detail that benefits the Veterans is looser qualification guidelines. It's estimated that 80% of Veterans would not qualify for a conventional loan.
VA Home Loan Benefits
There are many benefits to a VA Loan in comparison to other programs. Below you will find a few of the highlights of the VA Loan program. It's strongly recommended that you contact a VA Loan Specialist to learn more about qualification and the benefits you are entitled to:
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