VA MORTGAGE – There are lending programmes available to Veterans and their families. The lending programs allows Veterans to have their own home. VA home loan is not really that very difficult to get.
So how do you get VA Home Loan? In truth, almost all members of the military, reservists, National Guard and veterans are qualify for VA loans. Spouses of military personnel that died while on active duty or a result of a service-connected disability can also apply.
To be eligible for this loan, military personnel must be active in duty for at least 6 months in the service. While for Reservists and National Guard have to be enlisted for six years before they can apply.
VA MORTGAGE | Benefits of a VA Home Loan
1. You will get a lower interest rate on your loan.
2. A down payment is not compulsory
3. Individual credit score isn’t that important
4. You won’t need mortgage insurance
The above seems to be very beneficial than that of a civilian. Of course, the people who protect the country deserve such perks. That sentiment became official when Congress passed the GI Bill in 1944.