JUNE 8, 2023 – VA-backed home loans offer several advantages, including 100% financing.
Are you thinking about buying a home but are worried about money for a down payment, a low credit score or even a previous bankruptcy or foreclosure? You may want to check out your heard- earned VA home loan benefit.
There are several benefits to using a VA home loan. When using a VA-backed loan guaranty, if the sale price of the home is at or below its appraised value and you have enough entitlement to cover the value of the home, then a down payment is not required. There may be some fees and closing costs to cover, but you don’t have to worry about private mortgage insurance. Additionally, disabled Veterans may have some fees waived, which makes a VA home loan an even more affordable and attractive option.
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