Articles Tagged "Financing"

In honor of Veterans Day, we would like to thank all military veterans for their service. Additionally, our real estate agents would like to share some important information about VA loans — or Veterans Affairs loans — for homebuyers. These mortgages are available to qualified U.S. veterans, active-duty military members, and some surviving military spouses. Here is some crucial information to consider when deciding whether a VA loan is right for you.

• How VA Loans Work
  Banks and credit unions issue VA loans. However, they are insured by the U.S. Department of Veterans Affairs (VA). This means that if you, the buyer, stop making your mortgage payments, the VA will step in and reimburse the bank. This lowers the risk for the bank, which makes them willing to lend money to buyers who may not otherwise qualify for a conventional mortgage.

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