What is a VA Loan?

What Is a VA Loan?

A VA loan is a mortgage loan that’s issued by private lenders and backed by the U.S. Department of Veterans Affairs. It helps U.S. veterans, active duty service members, and widowed military spouses buy a home.

VA loans were introduced as part of the GI Bill in 1944, but they’ve become increasingly popular in recent years. In the first quarter of 2019, 8% of home purchases were made with a VA loan.1 This type of loan is an attractive option because it’s pretty easy to qualify for and doesn’t require a down payment.

Come hear some of the awesome benefits of a VA loan with Laura Key and Tammy Karaba.