VA Home Loans in Houston

A Veterans Affairs loan is a mortgage loan guaranteed by the Veterans Administration. This type of loan provides Veterans and/or their surviving spouses who haven’t remarried a federally guaranteed home with no down payment. This highly successful program has helped millions of American Veterans and their families secure a home.

Pros 

• Zero down payment
• Lower interest rate
• No private MIP (Mortgage Insurance Premium) required
• Lenders have a limit on the amount they can charge for origination fees and closing costs
• Limited appraisal fees

Attributes 

• Eligible borrowers must have a Certificate of Eligibility from the Veterans Administration
• Closing costs can be paid by both lender and seller
• A one-time funding fee must be made by borrowers based on the loan amount and the length of service by the applicant.