The Veterans Administration home loan is the preferred loan for active, non-active, Reserve, National Guard, and retired military of the Army, Navy, Air Force, Marines and Coast Guard because no down payment is needed and no private monthly mortgage insurance required. A VA home loan can be used to purchase a home or refinance an existing mortgage.

Benefits of a VA Home Loan:

1. You don’t need perfect credit
2. No monthly private mortgage insurance is required
3. 30 year fixed rate loan
4. Seller can pay up to 4% of the veterans closing costs
5. 100% financing available