"VA loans are one of the most valuable benefits available to eligible service members, veterans, and qualifying surviving spouses. Backed by the U.S. Department of Veterans Affairs , these loans make homeownership more accessible by offering favorable terms like no down payment and no private mortgage insurance (PMI). With Veterans Day right around the corner, it's the perfect time to highlight the power of this benefit"
"VA borrowers must meet credit, income, and property requirements just like any other buyer. Additionally, VA appraisals ensure the property meets Minimum Property Requirements (MPRs) to protect both the buyer and the lender, not to complicate the sale. When issues do arise, they can often be resolved through repairs or negotiated concessions, just like in a conventional transaction. Sellers who avoid VA offers may overlook serious, well-qualified buyers with strong financing and government backing."
VA loans offer government-backed financing that increases access to homeownership for eligible service members, veterans, and qualifying surviving spouses, often requiring no down payment and no private mortgage insurance. Borrowers must still meet credit, income, and property standards, and VA appraisals enforce Minimum Property Requirements to protect buyer and lender. VA loans commonly close in timelines similar to conventional loans. Sellers are not obligated to pay all closing costs for VA buyers. VA loan entitlement can be used more than once, and many common concerns about risk or slow closings are misconceptions.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
Unable to calculate read time
Collection
[
|
...
]