As we enter Memorial Day weekend, we thought it was a good time to remember our Veterans and do a quick overview of VA loans and their benefits and who is eligible.
To be eligible for a Veterans Administration (VA) loan, you generally need to be active duty, a veteran, reservist or National Guard member. Widowed spouses or spouses of veterans injured while serving may also be eligible.
There are a lot of benefits with VA loans. The most notable include – little or no down payment as well as no PMI requirements. This makes it much easier to get into a house, especially with today’s high prices. Loan limits were also removed in 2020.
Contact us for more info on VA loans and to see if they are a good fit.
We wish everyone a fun, safe and happy Memorial Day and especially all the veterans and their families.
