VA Loans, We are ready to help our vets!

​A VA loan is a mortgage loan program designed to help eligible veterans, service members, and their surviving spouses become homeowners. It is guaranteed by the U.S. Department of Veterans Affairs (VA), which means that lenders are protected against loss if the borrower fails to repay the loan.



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Here are some advantages of VA loans:

1. No down payment: One of the most significant benefits of VA loans is that they typically do not require a down payment. This can make it easier for veterans to purchase a home without having to save up for a substantial down payment.
2. Competitive interest rates: VA loans often offer competitive interest rates compared to conventional loans, potentially resulting in lower monthly payments and overall savings over the life of the loan.
3. No private mortgage insurance (PMI): Unlike conventional loans, VA loans do not require private mortgage insurance, which is an additional monthly expense. This can save borrowers a significant amount of money over time.
4. Flexible credit requirements: VA loans may be more forgiving when it comes to credit requirements compared to other loan programs. However, individual lenders may have their own credit score requirements.
5. Assistance in case of financial hardship: The VA provides assistance to borrowers who encounter financial difficulties and are struggling to make their mortgage payments. They have programs in place to help veterans avoid foreclosure and remain in their homes.

It's important to note that while VA loans offer several advantages, they also have specific eligibility requirements, including military service requirements and creditworthiness. To apply for a VA loan, you would need to contact a VA-approved lender who can guide you through the application process and provide more information tailored to your specific circumstances.

 VA Loan Information from the Veterans Affairs might answer some of your questions, or just give us a call, we are happy to help you. As always, you are invited to stop by our office, located in Downtown Overland Park. 

​Information subject to change. Certain restrictions apply. Subject to borrower approval.

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