Benefits of a VA insured loan
Great Western is proud to offer VA loans to military veterans, reservists, active duty personnel and eligible family members.
The Veteran’s Administration (VA) is a government agency that helps provide home loans for veterans of the military and their spouses. VA insured mortgages are loans that are insured by the Veterans Administration, and they’re designed to make the dream of home ownership easier for those who have served our country.
There are some tremendous benefits to a VA home loan. They include:
- Low or no down payment required for most loans
- Refinance up to 100% of your current home, with no down payment
- Flexibility - Many rate, term and cost options available
- Mortgage insurance is not required
- Less stringent credit and income requirements than other mortgages
- Generally, fewer out-of-pocket expenses than other mortgages
