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Home Loan Benefits for Veterans

With a VA home loan, service members can borrow money from a civilian lending source, such as a bank, credit union or mortgage company.

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Home Loan Benefits for Veterans

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  1. Home Loan Benefits for Veterans With a VA home loan, service members can borrow money from a civilian lending source, such as a bank, credit union or mortgage company. These loans differ from conventional loans in that: The VA guarantees the lending source payment of the loan, if you default The fees you have to pay at closing are reduced The amount of your down payment is often reduced You may be able to qualify to borrow more money, enabling you to buy a larger home You may qualify for a lower interest rate You don’t have to buy private mortgage insurance

  2. Besides purchasing a home, condominium, townhouse, you can also use a VA home loan to: Refinance a current VA home loan for a lower interest rate or to take out equity Build a new home Remodel, or repair an existing home For more information visit us www.americanheromortgage.com

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