Learn how you can use a VA home loan to buy your next home.
VA home loans are mortgages backed by the U.S. Department of Veteran's Affairs (commonly known as the VA). What does that mean? This is a fancy way of saying that the VA guarantees a portion of the loan, which allows private lenders to offer more favorable terms than for other mortgage types.
A VA loan offers competitive interest rates that are often lower than other mortgage options. VA Loans may have no down payment and often don't require private mortgage insurance.
Finally, it's a lifetime benefit so, you can use a VA loan many times as your home needs change.
