February 10th, 2022Types of VA Loans

What to Know About VA Loans For Condos

Buying a home is likely the largest purchase you will make during your lifetime. It is a major financial undertaking that requires patience, time, and a large amount of effort. However, the good news is your family with kids or retired spouse can enjoy the benefits of the VA Home Loan with the condo of your dreams.

VA loans are available to honorably discharged veterans, those who are active-duty service members who've served 90 days or more, and personnel who have served at least six total years in the reserves or the National Guard. The advantages of a VA Home Loan are also extended to the surviving spouse of a service member.

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By Jimmy Vercellino
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