What is a 'VA Mortgage Loan?'
VA
helps Service members, Veterans, and eligible surviving spouses become
homeowners. It provides a home loan guaranty benefit and other
housing-related programs to help you buy, build, repair, retain, or
adapt a home for your own personal occupancy. VA Home Loans are provided
by private lenders, such as banks and mortgage companies. VA guarantees
a portion of the loan, enabling the lender to provide you with more
favorable terms.
Excellent 2 minute 30 second video explanation:
'Do
you qualify for VA's no-down payment home loan program? You must have
suitable credit, sufficient income, and a valid Certificate of
Eligibility (COE) to be eligible for a VA-guaranteed home loan. The home
must be for your own personal occupancy.'
To obtain of certificate of eligibility read below or click here for the same information:
Photos and Info Courtesy: U.S. Department of Veteran Affairs
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