VA Loans

VA Loans

A VA mortgage loan is a home loan that is guaranteed by the US Department of Veterans Affairs. VA loans are available to eligible veterans, active duty service members, and their spouses. VA loans offer several benefits, including no down payment, no private mortgage insurance, and low interest rates. VA mortgage loans can be used to purchase a primary residence, a second home, or an investment property. VA loans can also be used to refinance an existing home loan. VA loans are available through participating lenders.

VA Loans

Benefits

VA loans offer a number of significant benefits, including the following:


  • This can include lower interest rates
  • Smaller down payments
  • No private mortgage insurance (PMI)


For those who qualify, VA loans offer significant benefits and savings. For more information on VA loans, call us at (706) 250-2006, or send us a message here.

Drawbacks

VA loans are amazing loans, but they do have one drawback, and that is the VA Appraisal. It has more stringent property requirements than a Conventional Loan, and therefore VA loans are sometimes looked at by sellers as less desirable to accept than other loans, though this is not always the case.

How to Qualify

VA loans are home loans made available to veterans and active duty service members. To qualify for a VA loan, borrowers must meet the following requirements:


  • A valid VA loan entitlement
  • A satisfactory credit history
  • A certificate of eligibility from the VA
  • Have sufficient income to cover the loan payments
  • Property must meet VA standards


Give us a call at (706) 250-2006 or click here to contact us. We can help you get pre-approved for a VA Loan today!

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