VA loans are for veterans and often require no down payment* VA loans also feature:
-No prepayment penalties
-No mortgage insurance
-100% financing with full VA entitlement*
-Fixed- and adjustable-rate mortgages
-VA financing fees can be “rolled” into the loan amount*
A down payment is required if the borrower does not have full VA entitlement or when the loan amount exceeds the VA county limits. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit guidelines, and property limits.