There is a “right program” for every mortgage borrower, and for many, the VA loan stands apart for its combination of low rates, aggressive underwriting, and 100% financing. You can use this program for either a purchase or to get cash out.
Backed by the U.S. Department of Veterans Affairs, VA loans are designed to help active-duty military personnel, veterans and certain other groups become homeowners at an affordable cost.
The VA loan asks for no down payment, requires no monthly mortgage insurance, allows flexible guidelines for qualification among its many other advantages.