Why Choose a VA Home Loan

Why should you choose a VA loan when purchasing a Florida home? We break it down below

The home buying process can often seem confusing and complex, and buying a home in today’s market is also expensive. But if you’re a former or active service member who is either looking to buy a new home or refinance your mortgage on an existing home, a VA home loan should be something you strongly consider, if for no other reason than affordability.

In general, the purpose of the Veterans Affairs Home Mortgage Loan program is to assist active military personnel, veterans, and even surviving spouses, regardless of whether you’re looking to purchase a new home, build a new home, refinance your existing mortgage, or even install new home efficiency measures to your current home. But this kind of flexibility is really only the tip of the iceberg when it comes to why you should choose a VA loan.

At-a-Glance: Reasons Why a VA Home Loan Makes Sense 

  • You won’t be denied a VA home loan based solely on your low credit score.
  • Most VA home lenders don’t tier interest rates based on higher credit scores
  • VA home loans don’t require a down payment
  • The VA loan program typically only looks at the previous 12 months of credit history
  • Service-related disabilities can result in waived funding fees and reduced closing costs
  • VA loans are flexible for refinancing an existing mortgage or purchasing a new home