The United States Department of Veterans Affairs (VA) benefits-eligible veterans and active service members, making a VA home loan a great option for purchasing or refinancing an existing mortgage. Because the VA insures up to 25% of a VA loan, lenders can offer favorable benefits and loan terms to borrowers who qualify for the program.
Armed Forces Bank’s loan advisors have helped thousands of active-duty and former military members refinance a mortgage or purchase a home for their family. They have a great understanding of the VA’s loan eligibility requirements and the process and a deep commitment to serving those who have served.
These benefits include:
No down payment is required.
There is no penalty to pre-pay or refinance your VA home loan at any time.
No mortgage insurance premiums to pay.1
Flexible credit standards.
Options are available to tailor your mortgage to your specific situation.