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VA LOANS

WHAT IS A HOME VA LOAN?

VA Home Loans offer eligible veterans and active-duty service members a valuable resource to achieve the dream of homeownership. These loans are provided by the Department of Veterans Affairs and require no down payment, making them an excellent option for those who may struggle with this upfront cost. VA Home Loans often have lower interest rates and fewer fees than traditional mortgages, which can help borrowers save money over time. To qualify for a VA Home Loan, individuals must meet specific eligibility requirements, including serving a minimum amount of time in the military and receiving an honorable discharge. Spouses of veterans who died in service or because of a service-related injury may also be eligible for these loans. Overall, VA Home Loans are an excellent option for those who have served our country and want to purchase a home, offering benefits that make homeownership more accessible and affordable. By providing these loans, the Department of Veterans Affairs is helping to support those who have sacrificed so much for our country.

TYPES OF VA LOANS

FIXED RATE LOANS

Offer borrowers a steady and predictable interest rate throughout the loan's duration. With a consistent interest rate, borrowers can confidently budget for their monthly payments. This mortgage option is ideal for individuals seeking stability and peace of mind. 

ADJUSTABLE-RATE MORTAGE

Provides borrowers with an initially lower interest rate that remains fixed for the first five years of the loan term. After this initial period, the interest rate adjusts annually, potentially impacting the monthly payment. This mortgage option is suitable for individuals who anticipate relocating or refinancing within the first five years, making it an attractive choice for short to mid-term financial planning. 

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