Every year, VA-guaranteed home loans help thousands of Veterans buy their very own home—with no down payment required. VA also provides loans and grants to Veterans with service-connected disabilities for housing alterations such as ramps and widened doors.
On April 27, VA partnered with the National Association of Realtors to answer questions on Facebook about VA home loans and housing-related assistance. The chat addressed questions about eligibility for VA-guaranteed loans, the benefits of using VA home loans, issues involving credit history or bankruptcy, and much more.
Check out some of the questions and answers from the chat below.
What is a VA-guaranteed home loan?
What kind of benefits can VA home loan programs provide Veterans with?
Veterans can apply for a Certificate of Eligibility for a VA home loan online or through their lender. To learn more about VA home loans or apply online, visit ExploreVA.
VA does not have a minimum credit score requirement, but lenders may have their own credit review policies.
If you have bankruptcy in your history, you can still receive a Certificate of Eligibility from VA; it is then the lender’s choice whether or not to provide you with a home loan.
VA also offers Interest Rate Reduction Refinancing Loans (IRRRL). To learn more about IRRRL and other VA refinancing options, visit ExploreVA.
To view the chat in its entirety, visit the National Association of Realtors Facebook page.