If you’re a veteran of the United States military or their surviving spouse, consider the possibility of taking out a VA loan. These loans are made specifically for service members and their families – made by private lenders but benefitting from guaranty insurance through the Department of Veterans Affairs (VA). The current interest rates and lack of requirement for a down payment make VA loans the perfect choice for veterans and their spouses looking to buy or refinance a home. And with no private mortgage insurance required of any borrower, these types of mortgages also present amazing financial flexibility and opportunity that veterans should not pass up.

VA Loans provide Veterans with the opportunity to purchase a home without putting any money down. These home loans are made by private lenders and backed by the Department of Veteran Affairs. Taking out a VA Loan offers a range of advantages, such as no mortgage insurance requirement, flexible credit requirements, and improved loan terms compared to conventional mortgages. Additionally, VA Loans reduce costly closing costs that are typically associated with most other home loans. As Veterans look to take advantage of the many benefits that come along with borrowing a VA Loan, it’s important to remember that not all private lenders offer them, so make sure to shop around thoroughly!