VA has the best Mortgage Rates
Veterans Administration home loans offer the best mortgage rates as compared to conventional loans, especially when you take into account the fact that the qualification requirements for VA home loans are much lighter than for conventional mortgages. VA home loans are insured by the federal government, which pushes rates lower still, even for higher-risk applicants. Which leads to the next benefit of VA home loans.
Zero down. No down payment is required for a VA home loan, if you meet all the qualifications. This is not the case with each and every VA loan, but for veterans who qualify, zero down is a very realistic option.
Insurance not required. Despite the fact that many VA home loans are zero-down loans, no mortgage insurance is required. This can lower a borrower's monthly expenses, as no excess money must be put toward insurance each month.
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