Veterans Administration (VA) Loan
Veterans Administration (VA) Loan is specifically reserved for active duty personnel, reservists and veterans. VA loans are easier to qualify, have little or no down payment requirements, no monthly mortgage insurance and provide up to 100% financing. Closing costs are limited by VA, and may be paid by the seller. This program also offers two refinance options - an interest rate reduction refinance of an existing VA loan with minimal documentation requirements, or a 100% Cash-Out Refinance loan** that provides access to cash from the equity you’ve built up in your home and is often offered at a lower rate when compared to a conventional cash out loan.