VA Home Loan Solutions
Veteran or current member of the military? Surviving veteran spouse? Want to purchase or refinance your home with a down payment?
The U.S. Department of Veterans Affairs (VA) offers multiple programs to aid veterans, active duty service members, National Guard members, reservists, and their families. One such program is the VA Loan, making home-buying easier for military personnel and their families. VA Loans are popular to those who qualify as there’s no down payment required, rates tend to be lower, and you can refinance up to 100% of your home’s value!
Similar to FHA loans, VA loans are guaranteed by the U.S. Department of Veteran Affairs, and lenders like ProVisor make this loan eligible to veterans for the purchase of a home. VA loans share similar eligibility requirements as FHA loans, often with lower closing costs, more liberal terms (usually without requiring a down payment), and even negotiable interest rates.
Qualify for a VA Loan? You may qualify if you meet at least one condition below:
- You served for a minimum of 90 consecutive days during wartime
- You served for a minimum of 181 days during peacetime
- You served in the National Guard or the Reserves for more than six years
- Your spouse, who is a service member, died in the line of duty or because of a service-related disability
There are numerous VA Loan benefits. VA Loans do not require a down-payment, and interest rates are typically lower than traditional rates. Qualification depends ultimately on the VA, and Provisor can help facilitate the process.