VA Loan (Veterans Affairs Loan)
Who it's for:
Active-duty service members, veterans, and eligible surviving spouses.
Key Benefits:
- No down payment required
- No private mortgage insurance (PMI)
- Competitive interest rates
- Flexible credit requirements
Eligibility Highlights:
- Must meet service requirements (length and type of service)
- Obtain a Certificate of Eligibility (COE) from the VA
- Property must be your primary residence
Good to Know:
VA loans are backed by the U.S. Department of Veterans Affairs and are designed to make homeownership more accessible for those who have served our country.