If you’re thinking of buying a home, a VA home loan can help you make it happen. Let’s take a look at what VA home loans are as well as some of the advantages they offer that traditional mortgages don’t. A VA home loan is a loan that veterans, active duty service members and some surviving spouses are eligible to apply for.
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2017-11-09 · The VA home loan benefit was part of the original GI Bill in 1944. Not only did Congress want to help veterans obtain an education, it wanted to help them buy a home.
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VA loans outperform many other kinds of low down payment loans.” If you’ve got no plans to sell for at least the first few years, you’re willing and able to take responsibility for the upkeep of the home and you have steady income, a zero down payment mortgage could get you into homeownership years sooner than you could if you had to save for a down payment.
VA loans are available through the U.S. Department of Veterans Affairs (VA). Servicemembers, veterans, and eligible spouses can buy a home with zero The only benefit you get out of that payment is the opportunity to buy with no money down (including the pros and cons discussed here).
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