VA Home Loan Eligibility
While it’s generally left to the VA to determine eligibility, these facts can help you get the loan you earned!
Are You Eligible for
a VA Home Loan?
A VA loan can be a great way to finance a home. The government-backed mortgage program has several unique features that save borrowers cash both up front and each month. In fact, it’s one of the few programs available that allows for 100% loan to value (LTV), meaning you may be able to finance the full loan amount. Even better? Private mortgage insurance (PMI) is never required – even when you put zero down.
What borrower wouldn’t love zero down payments and no PMI? Many would, however these loans aren’t for everyone – VA loan eligibility must be earned. Here are 10 facts about VA loan eligibility that will help you determine your own eligibility.