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VA home loans are loans issued to retired or active duty military and insured by the federal government. VA loans started in 1944 as a way to help service members purchase homes. These loans are very attractive to service members since they allow a buyer to purchase a home with zero down, competitive interest rates and no private mortgage insurance (PMI). Most banks and mortgage brokers can issue a VA loan provided you meet the minimum qualifications which are much less compared to a conventional loan since the lender is assuming less risk and the loan is insured by the government.  

Found 3 entries about VA Loan.

There aren't enough ways to repay a military serviceman who has fought for his country--but a VA housing loan tries to do its part. If you are a military member who has served at least 181 days on active duty, or in the National Guard or Reserve for at least six years, or are the spouse of someone who has been killed in the line of duty, you may be eligbile for a Veterans Administration (VA) home loan

The VA loan has its origins in the original Servicemen's Readjustment Act, also known as the GI Bill of Rights, which was signed into law by President Franklin D. Roosevelt in 1944. The loan was meant to provide veterans and their familiies housing assistance through a federally guaranteed loan with no down payment. Since its creation, the VA loan has

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Most veterans are aware of the existence of VA HOME LOANS, but through rumored myths some have never applied for one.The reasons are numerous, ranging from “I have bad credit” to “I don’t know where to begin.” The home loan program for veterans is not as hard to navigate as you would think, and with options for those of us with bad credit, or are first time home buyers, or looking to refinance their existing loan, here are a few reasons to dispel any misgivings about VA loans and apply today.

It’s easy to get in contact with a VA loan qualified expert. Simply search for the type of loan, loan amount and state and you’ll be in contact with someone qualified to take you step by step through the process.

Qualifying is simple. Answering a few questions

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VA loans are one of the military benefits offered to both retired and active service members. Typically, obtaining one of these loans involves a simple process of application and acceptance. The necessary paperwork must be in order, but beyond that, the process is quite streamlined.

The applicant applies for pre-qualification that validates the individual’s seriousness about purchasing a home. Once he is pre-qualified, he will receive a certificate of eligibility. Not only does this allow the service member to have a price range to search in, but also, it provides a sense of commitment in purchasing a home to the potential seller.

Service members can obtain a VA loan with reasonable terms in order to purchase a home. Instead of going to a mainstream

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