VA financing for eligible Veterans and National Guard |
The VA purchase program can't be beat for maximizing your return on dollars that don't need to be paid at closing for a down payment. Additionally, there is no mortgage insurance to be paid monthly, which, for a ZERO down loan is an unbelievable benefit!
Cash out refinancing with a VA loan can consolidate bills or get money to remodel your home and the loan to value goes up to 90%, which is 10% higher in loan to value than Conventional financing and 5% higher in loan to value than FHA (and FHA requires monthly mortgage insurance, VA does NOT!).
Eligible Veterans and National Guard have a great loan to take advantage of with the VA loan!