What Is a VA Loan?
A VA Loan is a government mortgage backed by the U.S. Department of Veterans Affairs. Although VA loan rates depend on the specific loan program, Bank of Internet USA offers rates that are consistently among the lowest in the mortgage industry.
Is a VA Loan Right for You?
A VA Loan may be right for you if you:
- Are a U.S. Veteran or the surviving spouse of a U.S. Veteran who meets the eligibility requirements established by the U.S. Department of Veterans Affairs*
- Want the option of making no down-payment
- Want to save money by avoiding monthly Private Mortgage Insurance (PMI) requirements
*For further information, visit the U.S. Department of Veterans Affairs Home Loans Eligibility Requirements web page.