VA Home Loans
The federal government guarantees VA loans through the Veterans Benefits Administration, which is part of the Department of Veteran Affairs (VA). It is an option to meet the housing needs of eligible veterans who have served or are currently serving in the U.S. Armed Forces.
Some aspects of a VA Loan:
- 0% down payment
- Minimum credit score 580 (with restrictions)
- Must be an eligible veteran
- No mortgage insurance (monthly fee) requirement
- Some manufactured homes
- Gift funds permitted
Thinking about buying a new home? BMN is here to help.
We believe that the borrower should be actively involved in the mortgage loan process every step of the way. From selecting the best loan product to understanding negotiating terms, Bankers Mortgage Network is here to assist.