Veterans are provided a variety of financing options, each equipped with their own characteristics today. For those who are active duty, the Home Loan Expert recommends opting for the federally-supported VA Loan due to its distinct advantages and affordability when compared to conventional loan options today.
VA Loans: These loans are available exclusively to those who have served our country, as well as select military spouses who qualify for the loan. Originating in 1944 with the Servicemen’s Readjustment Act, VA Loans are known for the competitive rates and no down payment requirement. Additionally, they don’t require the same kinds of strict credit scores as other loan options. These loans are available to all who meet the base service requirements, which can be located here:
If you’re curious about other home loan options aside from VA Loans, here are your top choices: