We Bet You Didn’t Know These 5 Things About VA Loans

VA loan terms offer no down payment and flexibile credit requirements. Here are five things you may not know about VA home loans.

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Surveys show many who are eligible for a VA home loan don’t know how much they could be saving with one. Always consider VA mortgages when buying a home.

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Since the Supreme Court ruled that the Defense of Marriage Act (DOMA) is unconstitutional, there may be some fallout in the world of mortgage — specifically, VA mortgages. VA home loans are fully available to couples, married or unmarried, as long as both parties are eligible for VA benefits... Read more
The U.S. Department of Veterans Affairs (VA) offers qualified U.S. Military Veterans and Servicemembers an affordable option for financing a home purchase. Why should you choose a VA home loan instead of another type of home loan? Here are some benefits of the VA Home Loan Guaranty program: Eligible... Read more
In the current mortgage environment, it can be quite difficult to get a home loan if you do not have a down payment. Due to the financial crisis, the credit crunch has made banks wary of lending to those who do not have any money in the pot. One... Read more
LendingTree salutes veterans for serving our country both here and abroad! This Veterans Day businesses such as Subway, Applebee’s and Chili’s (check with your local stores) are offering freebie specials to veterans and active duty military. The savings don’t stop there. If you are in the market for a house, consider... Read more

Lenders use private mortgage insurance, known simply as PMI, to insure their loans against potential default. PMI also adds another layer of security on top of the normal underwriting procedures banks use to qualify their borrowers.

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