A VA home loan is a mortgage insured by the Department of Veterans Affairs (“VA”). Those eligible for VA loans include:

• Active-duty military personnel
• U.S. Military Veterans
• Surviving spouses of military service persons who die while on duty or as a result of military service
• Some reservists and National Guardsmen

The typical VA loan offers 100% financing, subject to Veteran’s eligibility, meaning no down payment. Compared with a conventional, the VA loan has other benefits:

• The interest rate on a VA loan is usually lower, keeping more money in your pocket.
• Borrowers who take out VA loans only have to pay certain closing costs called ‘allowables.’ The other costs are paid either by the seller or by the lender making the loan. Scott Robinson can find the VA Loan that is best for you.