The VA provides a home loan guaranty benefit and other housing-related programs that can help you buy, build, repair, retain, or adapt a home for your own personal use. These benefits can be helpful for transitioning military who want to become first-time homeowners.

Here’s how it works. VA Home Loans are provided by private lenders, such as banks and mortgage companies. The VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms. Here’s why now may be the right time to lock in a low rate with a VA Loan.

• You don’t need a 20% down payment.
  
  
• Interest rates are at near record lows.
  
  
• You can refinance without re-qualifying.
  
  
• You don’t have to pay for private mortgage insurance (PMI).
  
  
• You can get home financing of up to $417,000.

Learn more about the benefits of getting financial help from the VA. You earned it; now use it!