Everything you should know about VA loans

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Veterans Affairs loans are home mortgages guaranteed by the U.S. Department of Veterans Affairs. Think of a VA loan as a thank-you to the people who serve our country.

For qualified homebuyers, a VA loan does not require a down payment. The no-down-payment element is the most popular feature of VA loans. Another advantage is that the credit requirements for a VA loan are more forgiving. You don't have to have 2 years of excellent credit to get a VA loan, as long as you earn enough money to make the payments.


Getting a VA loan takes a few more steps than a conventional mortgage, although the paperwork is not burdensome. You're eligible for a VA loan if you're on active duty, are an honorably discharged veteran, or have completed 6 years of service in the National Guard or selected reserves. Some surviving spouses of veterans are eligible for VA loans, too.

Whether you want a VA loan to buy a home or to refinance, these articles will inform you about this gift from Uncle Sam in appreciation of your service to our country.



Brought to you by Veterans United Home Loans Veteran Homebuyer Central Veterans and military members have access to one of the most powerful homebuying tools on the market – the VA loan.
These articles were created solely by Veterans United, a paying advertiser from whom Bankrate receives compensation. The editorial staff of Bankrate was not involved in the stories' preparation.
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