VA Loan

VA loans are a special type of mortgage backed by the U.S. Department of Veterans Affairs, designed specifically for service members, veterans, and eligible surviving spouses. These loans offer several advantages including no down payment requirement, no private mortgage insurance (PMI), and potentially lower interest rates compared to conventional loans. VA loans also tend to be more forgiving on credit score requirements and can be used for a variety of purposes such as purchasing or constructing a new home, refinancing an existing mortgage, or making improvements to a home.

The amount you can borrow without a down payment is subject to VA loan limits, which may vary by county. Overall, VA loans are an excellent benefit for those who have served our country.