Benefits of a VA Mortgage Loan
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For many people, owning a home is a long-time dream. As one of the benefits to veterans of the United States armed forces, the United States Department of Veterans Affairs offers mortgage loans. Typically called VA loans, these mortgages have some different rules and distinct advantages when they are compared to conventional mortgage loans. Here are some of the benefits of buying a home with a VA loan.
No Down Payment Required
If you qualify for a VA loan, you do not have to make a down payment when buying a house. For many people, saving the typical 20% down payment required for a conventional loan is a challenge. High rents make it difficult to set enough aside for a 20% down payment. A VA loan allows you to finance the entire…
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