Va Loan
One of the main benefits of a VA home loan is that it does not require a down payment, which can make it easier for veterans to buy a home. Additionally, VA home loans typically have lower interest rates than conventional loans, which can result in significant savings over time.
To be eligible for a VA home loan, applicants must meet certain service requirements, such as having served at least 90 days of active duty during wartime or 181 days during peacetime, or being a surviving spouse of a service member who died in the line of duty. Applicants must also have a good credit score and meet certain income and employment requirements.
VA Loan in 5 steps
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