Veterans and surviving spouses finance up to 100% of your new home’s value, or refinance, with no money down, and no private mortgage insurance premium (PMI).
A VA (Veterans Affairs) Loan may be a great solution for you if:
You’re a first-time or repeat homebuyer; and
You’re an eligible Veteran or military; and
You want a low down payment.
VA Loan benefits and features:
Eligible borrowers include Veterans, certain members of the Selected Reserve, active-duty service personnel, and certain categories of spouses.
No down payment! No mortgage insurance is required. The funding fee can be financed into the loan.
Credit score: Minimum is 580
Gifts and seller contributions are acceptable toward closing costs.
Other requirements and conditions apply.