VA Mortgage Loan
How Does the VA Mortgage Loan Work
A VA loan is a mortgage loan available through a program established by the United States Department of Veterans Affairs (VA Home-loans). VA loans assist service members, veterans, and eligible surviving spouses to become homeowners.
The VA sets the qualifying standards, dictates the terms of the mortgages offered and guarantees a portion of the loan. VA home loans are provided by private lenders, such as banks and mortgage companies. A VA loan can offer homebuyers a zero-down-payment mortgage up to the max loan limit set by the Federal Housing Finance Agency (FHFA) and with no monthly mortgage insurance.
Let our experienced staff help you through the mortgage process of VA home loans. Get in touch with Mortgage Avenue today!