What are VA Loans?
A VA loan, also know as a Veteran Affairs loan, is a mortgage loan created specifically for eligible active military, retired veterans, service members, their families and surviving spouses. Â A VA home loan offers considerable benefits and is guaranteed by the Department of Veterans Affairs (VA), making it a very beneficial program for those who qualify.
Enjoy a great lending experience when you have a devoted Premier Lending Group loan expert help you understand the best options to meet your needs.
Benefits of VA Loans
No down payment requirement
No prepayment penalty
Jumbo loan amounts allowed
Lower rates than other mortgage types
Borrower up to 100% of the home’s value
1- to 4- unit properties allowed
Seller can pay for closing costs
Up to 30 year fixed-rate and adjustable-rate terms
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