VA Loan’s
VA Loan’s Loan
Are you best suited for a VA Loan?
Veteran’s Affairs (VA) loans were created to assist eligible veterans and active-duty service members in the pursuit of owning a home and give them the ability to refinance pre-existing mortgages into more favorable VA loans.
If you are a veteran or active service member that meets the eligibility criteria established by the Department of Veteran Affairs, a VA loan would be ideal for those looking for a no down payment option or those looking to save costs by not having Private Mortgage Insurance (PMI).
To explore if this option is right for you, call a Federal First Lending industry expert at (855)-517-3388
What makes a loan “VA”?
VA loans are guaranteed loans by the Department of Veteran Affairs. They are offered to veterans, active-duty service members, surviving spouses, and others that are eligible individuals.
These loans offer zero down payment and no monthly mortgage insurance payments. Additionally, they offer cash-out options and the ability to refinance an existing mortgage into a VA loan. Another type of VA loan is called an Interest Rate Reduction Refinance Loan where said eligible individuals can easily refinance their VA loan into one with better terms if the market transitions favorably compared to their existing VA loan.
These loans offer zero down payment and no monthly mortgage insurance payments. Additionally, they offer cash-out options and the ability to refinance an existing mortgage into a VA loan. Another type of VA loan is called an Interest Rate Reduction Refinance Loan where said eligible individuals can easily refinance their VA loan into one with better terms if the market transitions favorably compared to their existing VA loan.
