For 80 years, Veterans Affairs (VA) home loans have helped countless Veterans buy a home. But even though a lot of Veterans have access to this powerful program, the majority don't know about one of its core benefits.
According to a report from Veterans United only 3 in 10 Veterans are aware they may be able to buy a home with no down payment with a VA loan (see visual below):
That means 7 out of every 10 Veterans could be missing out on a key homebuying advantage.
That’s why it’s so important for Veterans, and anyone who cares about a Veteran, to be aware of this program. As Veterans United explains, VA home loans:
“. . . come with a list of big-time benefits, including $0 down payment, no mortgage insurance, flexible and forgiving credit guidelines and the industry's lowest average fixed interest rates.”
The Benefits of VA Home Loans
These loans are designed to make buying a home more achievable for those who have served. And, by extension, they also give their families the opportunity to plant roots and build equity in a home of their own. Here are some of the biggest advantages for this type of loan according to the Department of Veterans Affairs:
Options for No Down Payment: One of the biggest perks is that many Veterans can buy a home with no down payment at all.
Limited Closing Costs: With VA loans, there are limits on the types of closing costs Veterans have to pay. This (click "Learn More" to finish the article)...
