One of the main benefits of the VA home loan is that it requires no down payment, which significantly reduces out-of-pocket expenses. This means you don’t have to spend years trying to save for a down payment while still paying rent. And, that can make a big difference. If home pric...
There is no set upper cap on available loan amounts. You can use a VA home loan to buy or build a home and land, make 'green' improvements to an existing home, or to purchase a fixer upper and make the home improvements on your own....
One of the lesser-known but valuable VA home loan benefits is that there are no prepayment penalties. This means you can pay your mortgage early without incurring any additional fees, which can save a lot of money in interest over the life of the loan. ...
Check your VA home loan eligibility. Start here (Nov 25th, 2024) What is a VA home loan? The Veteran’s Administration does not make the loans, but rather backs these loans so that lenders can offer more lenient guidelines to veterans. Because of this backing, private lenders can make loa...
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs (VA), specifically for eligible active-duty military, veterans and surviving spouses. If you qualify, you can use the VA loan program to buy a home, build or renovate a home or refinance to a new mortgage. ...
At Griffin Funding, we offer several types of VA mortgage programs, depending on your home loan needs: VA Purchase Loan: For those who are looking to build, purchase, or renovate their primary residence, a VA purchase loan is the home loan product you need. VA Streamline Refinance Loan (IR...
A VA construction loan could be the perfect solution for Veterans or active military members looking to build a custom home Learn More CONVENTIONAL LOANS Conventional Loans are the most common of all loans.They do not come with a government guarantee and require a down payment. ...
Build a new home Add or update energy efficient features to your current home VA loans qualifications and limits Private mortgage lenders and the Department of VA have separate minimum eligibility requirements that borrowers must meet to qualify for a mortgage loan. Private lender requirements: You...
How does the VA loan program work? Benefits VA home loans have more benefits than any other type of mortgage program. Discover them all > Eligibility As an exclusive program, only those who qualify can get a VA loan. Check your eligibility > ...
VA Purchase Loan: A VA purchase loan is recommended for borrowers who want to purchase, build, repair, or adapt a home. VA Streamline Refinance Loan: Also known as an interest rate reduction loan (IRRRL), VA streamline refinance loans are recommended for borrowers who want to refinance their...