VA Home Loan Pros & Cons

VA home loans were introduced in 1944 as a thank you for military veterans. It also helped to boost the housing market and economy. VA mortgages offer a lot of benefits. These loan are guaranteed by the U.S. Department of Veteran Affairs and have less stringent underwriting standards for qualifying borrowers. Before you take the plunge and sign on the dotted line, you may want to evaluate the pros and cons to make sure a VA home loan is the best option for you and your family. There are some major advantages with the VA loan program, such as: No Down Payment. This is a major benefit. In fact, this is the only mortgage option available with zero down payment. Lower Interest Rates. [...]