A VA loan is a mortgage that is guaranteed by the U.S. Department of Veterans Affairs (VA). The VA helps active military, veterans and eligible surviving spouses become homeowners by enabling VA-approved lenders to offer loans with these benefits:
- No down payment*
- No private mortgage insurance premium
- No pre-payment penalties
Who is Eligible for a VA Loan?
- Active military (including members of the National Guard or Reserves)
- Eligible surviving spouses
You must also meet credit and income requirements and have a valid Certificate of Eligibility (COE).
Freedom Mortgage is a VA-approved lender with more than 25 years of experience. Call Freedom Mortgage to learn more about VA loans.
*As long as the sales price does not exceed the appraised value.