The VA credit benefit offers a number of effective home financing options for qualified veterans:

VA Home Purchase Loan

The VA home loan allows veterans to purchase homes at competitive interest rates. These purchase loans often do not require a down payment or private mortgage insurance. Veterans and service members can use a Veteran Affairs Home Loan to buy a new or existing home with a $ 0 down payment.

Interest Rate Reduction Refinance Loan (IRRRL)

Interest Rate Reduction Refinance Loan also known as VA Optimize Loan Refinance, it helps borrowers achieve lower interest rates by refinancing an existing VA loan

VA Cash-Out Refinance Loan

Cash-out refinancing loans allow mortgage holders to borrow on mortgages to repay debt, fund schools, and refurbish homes. This refinancing option offers more new mortgages than existing notes and converts mortgages into cash.

Native American Direct Loan

The Native American Direct Loan Program helps qualified Native American veterans fund the purchase, construction, or development of homes on land of federal trust. These loans also carry lower interest rates.

VA Energy Efficient Mortgage

The VA will allow veterans to take out an additional loan to improve the energy efficiency of a home, either as part of a home purchase or refinancing.