Honoring our Nation’s Military!
The VA loans program recognizes the bravery and sacrifice of our military members and their families in selfless fighting for the freedom we all enjoy. Available to currently active service members and retired veterans and their families, VA loans – or Veterans Affairs Loans – guaranteed by the U.S. Veterans’ Administration, provide members of our country’s armed forces with attractive options to finance a home for their families.
Benefits of VA Loans
VA Loans offer the following benefits:
- Easier to qualify for these loans than traditional mortgages, even with a low credit score, and higher debt-to-income ratio.
- Lower interest than other financing options, allowing eligible borrowers to save more of their well
- No down payment and no Private Mortgage Insurance (PMI) is required which keeps monthly payments low!
- Easier to refinance VA Loans through the Interest Rate Reduction Refinance Loan (IRRRL), often without an appraisal and with low or no lender fees to bring down monthly payments even further.
Time Frame to Pay Back a VA Loan
Many VA loans also come with a 15-to-30-year term. However, these financing options
come with a lot of built-in flexibility.
Down Payments for VA Loans
VA Loans do not require a down payment. Even with no down payment, VA Loans do not require Private Mortgage Insurance (PMI) which keeps your monthly payment low!
At Square One Solutions we are proud to be eligible by the Federal Government to issue VA loans and look forward to helping you explore this option.
