VA

Eligible veterans, reservists, and Active Duty personnel and their eligible spouses with suitable credit, sufficient income, and a valid Certificate of Eligibility (COE) can take advantage of 100% financing options with a VA Mortgage, guaranteed by the Department of Veterans Affairs.

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• No down payment required (unless required by the lender or the purchase price is more than the reasonable value of the property).

• VA home loans do not require private mortgage insurance (PMI) or a monthly mortgage insurance premium (MIP).

• Closing costs are comparable with other financing types (and may be lower).

• Compared to other loan programs, VA home loan guidelines tend to be more flexible. This is made possible because of the VA home loan guaranty.

• Most VA home loans are “assumable,” which means you can transfer your VA home loan to a future homebuyer if that person is also VA-eligible.