What is the VA Home Loan Benefit?
Your Home Loan Benefit is a guaranty provided lenders through the GI Bill, in return lenders provide veterans with favorable terms and advantages.
No down payment requirement
No (PMI) premium requirement
NO Prepayment penalty
Low interest rate
VA rules limit the amount you can be charged for closing costs.
Closing costs may be paid by the seller.
VA may be able to provide assistance if you run into difficulty making payments.
These are just a few of the benefits that never expire and can be used multiple times.
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