About Loan Types
A VA (Veterans Affairs) Loan is a mortgage program designed specifically for eligible U.S. military service members, veterans, and surviving spouses. Guaranteed by the Department of Veterans Affairs, VA loans offer significant advantages, including no down payment requirement, no private mortgage insurance (PMI), and competitive interest rates compared to conventional loans.
VA loans can be used to buy, build, or refinance a home, including single-family homes, condos, and certain manufactured homes. They are ideal for military families seeking affordable homeownership with lower upfront costs and fewer financial barriers.
