Comparing traditional mortgages and VA loans for veterans

If you serve or have served in the military, you know the demands of the job can dramatically impact you and your family. The great news is, along with those sacrifices, there are some amazing benefits for our men and women in uniform.

One of the most significant benefits worth taking advantage of is the Veterans Affairs home loan (VA loan). Among other housing-related programs in connection with the U.S. Department of Veteran Affairs (VA), it provides a financing option for eligible service members, veterans, and surviving spouses to purchase, build, and/or maintain a primary residence.

VA loans are available through VA-qualified lenders like banks and mortgage companies to provide home loan financing with favorable options. For military members, the VA loan program enables eligible veterans and active-duty military personnel to finance up to 100% of a home’s value.

In this blog post, we’ll highlight the main differences between VA loans and traditional mortgages, review the common eligibility requirements, and give you tips for taking advantage of your VA loan.

 

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