December 24th, 2021Types of VA Loans

VA Loans Pros and Cons

VA Home Loans are offered to military members by qualified lenders. There are many benefits to this type of loan, with the main one being that Veterans Affairs backs or guarantees the loan. This means that if you default on the loan for some reason, they will pay the lender a specific percentage of the entire loan, causing the lender to be more flexible.

Are you a service member beginning your home buying journey? Here is a breakdown of the most prominent pros and cons of choosing to purchase a home with a VA Loan.

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By Jimmy Vercellino