Home Loan Learning Center

Mortgage insurance can increase monthly payments. Unlike most mortgage types, VA loans do not require borrowers to pay mortgage insurance. Instead, borrowers must pay a funding fee at closing. That’s because the VA loan program is backed by the Department of Veterans Affairs, which assumes ...

For many veterans and active-duty service members, VA loans represent a golden opportunity to achieve their dream of buying a VA home. These government-backed loans for eligible veterans or their surviving spouses come with favorable terms, such as zero down payment requirements and a competitive ...

VA loans are a great way for veterans and active-duty service members to achieve homeownership on favorable terms and without a down payment. VA loan beneficiaries can also transfer their VA loan to a homebuyer when they decide to sell their home. The homebuyer assumes ...