Today is Veteran’s Day and you may have questions about your VA loan eligibility. Growing up in a military household and a background in helping many Veterans purchase their home, I am here to guide you.
A VA loan is a benefit for military service members and Veterans. There seems to be a few misconceptions about the VA loan because it can feel more complicated or may seem as it might be more expensive to a misinformed seller, but that is not the case. VA loans are for primary residences only and for properties in move-in ready condition. They are reusable and there is no limit to how much you can borrow. The biggest benefits of a VA loan are it requires no down payment, no PMI, no minimum credit score and typically it has lower interest rates than other loans.
Today, in many ways, the VA loan is more important than ever. You may have questions about this loan and your eligibility, and that’s where I come in! If you’re interested in learning more, I can refer you to a trusted lender that can help!