Being an active-duty servicemember or veteran, it is simpler for you than the others to accomplish your homeownership objectives. That’s because one of the many benefits that are valuable the VA mortgage loan — provides:
- No advance payment requirement
- Zero mortgage insurance that is monthly
- Low interest
- Lenient credit directions
Because VA mortgage loans are fully guaranteed by the government that is federal VA-approved loan providers (which are personal companies) can provide with greater flexibility. Accessible to just current and previous United States servicemembers or Veterans (plus some spouses that are surviving whom meet eligibility needs, the VA mortgage is still the most popular VA advantages.