There are many good reasons to buy a home with a VA loan:

• You can buy a home with no down payment
• Flexibility of negotiating interest rates with the lender
• No monthly mortgage insurance premium to pay
• Limitation on buyer's closing costs
• Traditional fixed payments
• Mortgage is assumable
• No pre-payment penalty
  

What can a VA loan be used for?

• Buy a home or condominium
• Build a home
• Simultaneously purchase and improve a home
• Buy a manufactured home and/or lot
• Refinance an existing home loan

VA loans have helped millions for Americans secure their dream of homeownership.

VA loans offer many benefits and protections you will not find with other loan products.

• Lower Cost: VA rates are always competitive
• Easier Qualification: VA loans have terms that make it easier to qualify
• Credit Problems: You don't have to have perfect credit, even if you have had a bankruptcy, it's easier to qualify for a VA loan than a conventional loan
  

Types of VA Loans

Fixed Rate - A fixed rate mortgage keeps your interest rate the same during the loan period, usually 30 years. This keeps your monthly payment the same for the life of the loan.

Adjustable Rate - If you are a little stretched financially, you may want to consider an adjustable rate loan. This will start you out with the lowest possible monthly payment.

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