Since VA loans often require no down payment* with lower closing costs, you can help keep your savings secure. VA loans also feature:
No prepayment penalties
No private mortgage insurance (PMI)
100% financing with full VA entitlement*
Fixed- and adjustable-rate mortgages
VA financing fees can be “rolled” into the loan amount
Variety of eligible property types, including town homes and VA-approved condos
*A down payment is required if the borrower does not have full VA entitlement, or if the loan amount is greater than $417,000