VA loan

dustin Mar 16, 2022

A Veterans Affairs loan, commonly known as a VA loan, is a special type of loan guaranteed by the US Department of Veterans Affairs and only available to eligible veterans, their spouses, and other beneficiaries. As with FHA loans, the risk is lower for the lender because the loan is guaranteed by the government, so this mortgage type offers a competitive interest rate, without requiring a down payment or private mortgage insurance.