What are my VA benefits?

our commitment to our country as a servicemember earns you home buying and refinancing benefits. VA-backed loans provide numerous perks for borrowers such as:

You are potentially qualified if you’ve spent:

• No down payment
• No private mortgage insurance (PMI) premium required
• Up to 100% financing available
• Low interest rates
• Easier credit requirements
• Limits on closing costs
• Closing costs may be paid by the seller
• Streamlined refinancing process (VAIRRRL)
• No penalty fees for paying off a loan early
• VA assistance provided if you have difficulty making payments

Additionally, you benefit from the following:

• You do not have to be a first-time home buyer
• VA-backed loan benefits are reusable
• VA-backed loans can be assumable