What are the benefits of a VA Loan compared to a conventional loan?
• You can get 100% financing with no mortgage insurance, which means your entire interest payment is tax deductible. • You can get approved with less than perfect credit and still get a great rate. • When you are ready to refinance a VA Loan, you can do what is called a VA Streamline Refinance that requires no income, asset, or credit verification. A VA Streamline Refinance is much cheaper that a conventional refinance because many of the traditional closing costs are waived. For more information about refinancing, check out VA Home Refinance FAQ’s.
