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  • Writer's pictureKimberly Van Hal, REALTOR

VA Loans Help Veterans Achieve the American Dream

For over 78 years, the United States Department of Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own. If you or a loved one has served, it’s important to understand this program and its benefits. Here are some things you should know about VA loans before you start the homebuying process.

What is a VA Home Loan?

A VA loan is a mortgage loan for those who have served or are presently serving in the U.S. military. While the VA doesn't lend money for VA loans, it backs loans from private lenders (banks, savings and loans, or mortgage companies) to veterans, active military personnel, and military spouses who qualify.

What are the Top Benefits of a VA Home Loan?

In addition to helping eligible buyers achieve their homeownership dreams, VA loans have other great benefits for buyers who qualify:

  • Qualified borrowers can often purchase a home with no down payment.

  • VA Loans don't require Private Mortgage Insurance, which means veterans can save on their monthly housing costs.

  • VA-backed loans offer competitive terms and mortgage interest rates.

  • VA rules limit the amount charged for closing costs.

How Can You Find a Lender?

There are many ways to find a VA lender, such as getting recommendations from friends, contacting me, or searching on the VA website. And, just like conventional loans, it can pay to shop around and talk to several different lenders.

Bottom Line

Our veterans sacrifice so much in service to our nation. They deserve the American Dream... homeownership. Helping them achieve that is one way I can honor and thank them.

Thank you for your service.

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