VA mortgage loans can make it much simpler for veterans to secure a home loan by requiring little or no down payment. This home loan is available to veterans and guaranteed by the U.S. Veteran’s Administration, and it frequently offers lower interest rates than ordinarily available. In addition, with a VA guaranteed loan, there is no private mortgage insurance requirement.
When securing a VA loan, there is a requirement to pay a VA funding fee predetermined on the program guidelines. The exact amount dependent on service, prior use, and disability.
