WHAT IS A VA LOAN?
The VA Loan is a federal loan offered to veterans, military members and qualified military spouses created to help families purchase or finance their
home during the home buying process. It is a government-backed loan guaranteed by the U.S. Department of Veterans Affairs (VA). Each loan is issued
by a qualified VA lender that determines the rates, terms and conditions of the loan based on VA rules and guidelines.
The VA Home Loan was created in 1944 by the United States government to help returning service members finance and purchase for their families without needing
excellent credit or a down payment.
Due to the housing market crisis that happened between 2008 and 2012, traditional home loan lenders have made it more difficult to qualify for a home loan. VA Home
Loans makes it easier for qualified service members to qualify for loan programs with very strict qualifications.