VA Home Loans
You’ve served, now let us serve you. Get preapproved to see how much house you can afford.
VA Home Loan Benefits
VA Loan Eligibility
No Down Payment Required
The VA home loan remains one of the only lending programs on the market that offers a zero down payment* mortgage. Most lending programs require at least some form of down payment, with popular amounts ranging from 3.5% to 20%* For example, a $200,000 home could mean coming up with a down payment ranging from $7,000 up to $40,000! Borrowers using the VA loan can purchase immediately with no money down, avoiding years of saving up while paying rent to someone else.
No Monthly Mortage Insurance
VA loans do not require mortgage insurance, even when the home buyer is putting no money down. As a result, the Veteran not only saves cash upfront but can also save thousands over the lifetime of the loan and give the buyer more purchasing power when shopping for a home.
Flexible Underwriting Guidelines
Qualifying credit factors such as FICO Credit Score, collections, debts, and judgments are all considered with common sense underwriting reviews. Not every credit report is indicative of a Veterans’s true walk in life. Reanue Home Team finds a way to make every Veteran a homeowner. It’s just common sense. VA loans also allow for a higher debt-to-income ratio than other types of mortgages. *Other conditions may apply
VA Home Loan Benefits
VA Loan Rates %
Because the federal government backs VA home loans, lenders have the luxury of charging competitively low-interest rates. Eligible veterans and service members find that rates are generally lower with a VA home loan than a conventional mortgage.
The Department of Veterans Affairs (VA) doesn’t set interest rates. Your lender determines the rate on your VA loan based on your unique financial situation.
Here are some other benefits of VA Home Loan services for veterans:
Contact Us Today!
By now, you must’ve realized how a VA loan scheme will significantly benefit your journey of buying your own home. The government always favors retired military personnel as they serve the country. The process is even more straightforward if you choose Reanu Home Team.
Our representatives are always round the clock to guide you and help you make the best decision for your future.
