VA Loans

This loan program is insured by the US Department of Veterans Affairs and is solely for use by current or former military personnel. You’ll have to provide proof of military service with an honorable discharge. If you have a dishonorable discharge, you may still qualify if you meet certain conditions.

The VA has a long list of qualification criteria and I encourage you to read about them on the VA website:

For those who qualify, you can buy a home with no down payment as long as the sales price doesn’t exceed the appraisal value. You also won’t have to pay mortgage insurance, even if your down payment is less than 20% of the purchase price. There’s also a limit to the amount you can be charged for closing costs and all of them can be paid for by the seller.

You can learn about the entire VA program benefits on the VA website:

A VA insured loan may be right for you if you served in the military and you want to take advantage of all the benefits that accompany the loan.