When buying a home, you have plenty of financing options—but one that’s often overlooked is the VA loan. Designed exclusively for veterans and active-duty service members, VA loans make homeownership more accessible with unique benefits like zero down payment and competitive rates.
VA loans are available to a variety of service members including veterans, active-duty personnel, reservists, and members of the National Guard. To be eligible for a VA loan, you must have served at least 90 days of active duty during wartime or 181 days of active duty during peacetime. If you are a spouse of a service member who died in the line of duty or because of a service-related disability, you may also be eligible for a VA loan.
No Down Payment:
Buy a home with zero upfront cost, making homeownership more accessible.
Easier Qualification:
More flexible credit standards than conventional loans.
No PMI Required:
Save hundreds per month with no PMI requirement.
Competitive Rates:
Lower rates compared to many traditional loan options.
Lower Closing Costs:
VA loans limit the fees lenders can charge, reducing out-of-pocket expenses
If you have used a VA Loan before, you are eligible to use it again. This is because the VA does not have a limit on the number of times you can use this benefit. You can use it multiple times to purchase different properties if you meet certain eligibility criteria.
The VA has specific rules and regulations that govern their loan programs. One of the essential requirements that you must meet is that you must have paid off your first VA Loan before you can apply for a second one. The VA also requires that you have enough financial stability to cover the proposed loan amount.
Steve J. Shalaby NMLS# 363374
Streamline Financial Group ,INC. NMLS#379306
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Streamline Financial Group, Inc.
2901 Clint Moore Rd. #208
Boca Raton, FL 33496
Office Number: (561)364-LOAN
Hours: MON-FRI 8AM - 6PM
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