VA Fixed-Rate Loan
U.S. Military personnel may qualify for a Veteran Affairs loan, which is a federally insured option that makes home buying more affordable with little to no down payment, no mortgage insurance to pay, as well as potentially lower interest rates and flexibility in obtaining money for closing costs.
- Up to 100-percent financing for eligible military personnel
- Monthly mortgage insurance not required
- Fixed/level payment of principal and interest for the life of the loan
- Maximum amount: $417,000