Why Get A VA Loan Over Other Types? Perhaps the biggest advantage is that a VA home loan lets qualified buyers buy a home with no down payment. Also, there are no monthly mortgage insurance ...

The most common home loan is a conventional mortgage, meaning it’s not insured by the federal government. Conforming ...

Eligibility for these government-backed loans hinges largely on your service record, but VA lenders consider your credit scores, debt-to-income ratio and income. There are also VA home loan ...

Unfortunately, when VA loan rules or policies are misinterpreted by ... they later wanted to use their VA loan to buy their second home. The military institution relies upon service members ...

This is because of VA rules that guarantee they will pay part of your loan balance back to the lender ... Taylor Getler is a home and mortgages writer for NerdWallet. Her work has been featured ...

The benefit of getting a VA loan is not having to put money down toward the purchase of your new home. The VA itself does not provide home loans. Private lenders like banks, credit unions ...

Who's this for? PenFed Credit Union doesn't charge origination fees, which can equal up to 1% of your VA loan total. Standout benefits: If you buy your home through PenFed's real estate agent ...

Commissions do not affect our editors' opinions or evaluations. U.S. Department of Veterans Affairs (VA) loans come with significant benefits, especially if you don’t have a large down payment ...

VA loans are undoubtedly among the best bargains in home financing. Backed by the U.S. Department of Veterans Affairs and issued to borrowers with military service connections, a VA mortgage ...

With no or low down payment requirements, no private mortgage insurance and other perks, VA home loans turn the dream of owning a home into a reality for countless military service members every year.

Christy Bieber is a full-time personal finance and legal writer with more than a decade of experience. She has a JD from UCLA as well as a degree in English, Media and Communications with a ...