If you’re a Military Veteran or other qualified Service Member or surviving spouse, you have an important benefit: the VA loan. Technically a loan guaranty benefit provided by the U.S. Department of Veterans Affairs, a VA loan offers these outstanding features:
- Up to 100% financing is available.
- You don’t have to pay private mortgage insurance (PMI).
- Closing costs are limited.
- You can reuse the benefit.
There is a funding fee due at closing that you can finance into your loan, which involves an easy six-step process from start to finish.