VA Loans
 f you are a U.S. military veteran, a VA loan is a great way to buy a new home without making a large down payment.
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| Benefits |
| There are several benefits to getting a VA loan: |
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- No down payment required.
- No monthly mortgage insurance required.
- Free personal loan counseling from the VA.
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| Eligibility |
To be eligible for a VA loan you must:
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- Be a veteran of the U.S. military.
- Intend to occupy the home you're purchasing (not renting it out or using it as a vacation home).
- Have a satisfactory credit history.
- Have sufficient income to cover the monthly mortgage payments.
- Borrow less than $184,000.
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| Cost |
| To get a VA loan, you must pay a fee to the VA. This fee is based on the down payment amount and whether you served full-time, in the Reserves or the National Guard. |
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Funding fees (as a % of the loan amount)
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