Buying a House with a VA Loan

The VA home loan is designed to assist the more than 25 million veterans and active service members in the U.S. purchase or refinance a home. The U.S. Department of Veteran Affairs guarantees each loan approved by qualified VA lenders. This guarantee typically allows veterans to obtain a mortgage with no money down and with a lower interest rate than conventional loans. The lack of "red tape" makes the VA Loan a smart option for veterans financing a home.