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VA Loan Program 

A VA stands for the Veterans Administration. It is a mortgage loan that is guaranteed by the United States of Veterans Affairs. This loan program is the preferred loan program for active, non-active, national guard, reserve and retired military of the armed forces. This loan program requires no down payment and no private monthly mortgage insurance. 

Benefits of a VA Loan: 

A VA loan is the best option for veterans that would like to purchase or refi on their current VA Mortgage. This program allows veterans to purchase a home with zero down payments, 100% financing and lenient rules on qualifying. 

  • No down payment

  • No mortgage insurance

  • Credit scores down to 600

  • No prepayment penalty ever

  • Up to 50% debt to income ratio

  • A VA loan may also be assumable

  • Allows for 4% seller paid closing costs

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