Things to know about the VA home loan

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Things to KnowAbout the VAHome Loan

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Last year, the VAhelped about

73,000 veteransavoid foreclosure.

The VA homeloan is still one

of the onlyloans to offer

no downpayments.

VA Loan Eligibility

Members of the military, veterans, reservists andNational Guard members are eligible to apply for aVA loan. Spouses of fallen military members whodied while serving or who have a disability are alsoeligible to apply for a VA loan.

Advantages of a VA Home Loan

Veterans can take advantage of:

No Down Payments

No mortgage insurance

required

Underwriting requirements

Credit score of at least a 620 or higher

Proof of income

Must be primary residence

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C L I C K H E R E

Justin McHood is Americas MortgageCommentator and has been providing

Mortgage commentary for over 10 years.

INFORMATION PROVIDED BY:Justin McHood

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Things to know about the VA home loan

Real Estate