VA Loan Benefits
Competitive Interest Rates
VA loans offer competitive interest rates, relative to some other home loan options.
No Down Payment
In most cases, a VA loan allows you to purchase your new home with no money down.
No Private Mortgage Insurance
VA loans don’t require you to make monthly mortgage insurance payments.
100% Access To Home Equity
A VA loan is the only loan that allows you to convert up to 100% of your equity into cash if you qualify.
Rate And Term Refinance Options
If you have an existing VA loan, you may be able to lower your rate or change your term with fewer documentation requirements. Often, no appraisal is required.