VA Loans & You: What You Need to Know
When purchasing a home at the Lake of the Ozarks , a VA mortgage is a fantastic mortgage option for veterans and active duty military personnel. The VA loan remains one of the few mortgage options for military borrowers who don’t have the money for a down payment. Available to millions of veterans and active military members, VA loans are somewhat easier to qualify for than conventional mortgages. This week, MHQ Mortgage Headquarters is sharing with you some information on VA loans and what you need to know as a consumer. WHAT IS A VA LOAN? The VA Loan is a mortgage loan issued by approved lenders and guaranteed by the U.S. Department of Veterans Affairs (VA). The program was created in 1944 by the United States government to help returning service members purchase homes without needing a down payment or excellent credit. This historic benefit program has guaranteed more than 22 million VA loans to help veterans, active duty military members and their families purchase h...