VA Purchase Loan
Under the VA home loan, qualified veterans have the option to purchase a home with no money down and no private mortgage insurance. For most qualified veterans, this loan represents the most affordable mortgage available.
A VA guaranteed home loan allows qualified borrowers to purchase a house, condo or townhome without any required down payment. All existing single-family residences qualify and a new home may may as well if the builder is VA approved. Using a VA loan to purchase a condo or townhome does require that the development be VA or FHA approved as well. In addition, the appraisal must be ordered and completed through the VA appraisal management system.
If you are a military veteran or are currently serving in the military, statistics are in your favor. The vast majority of veterans and active duty members of the military qualify for the VA home purchase loan. We update our VA mortgage rates daily, so you can see the competitive rates currently offered. Contact Home Savings today to start the application process or receive a personal mortgage quote.