The U.S. Department of Veterans Affairs offers home loan services to eligible individuals, such as veterans, military personnel and surviving spouses. To know whether you are qualified for a VA home loan, visit this link.
Before you apply for a VA home loan, it is important to go through these pre-loan FAQs to understand more about this service and get a brief overview of the VA Guaranteed Home Loan, pre-purchase counseling, entitlement and steps in and benefits of obtaining a VA Home Loan.
There are three basic types of home loans being offered by the VA: Guaranteed Loans, wherein the VA can guarantee part of a loan from a private lender; Refinancing Loans, wherein the VA can help you refinance your existing mortgage at a lower interest rate; and Special Grants, wherein certain individuals can receive grants to acquire housing.
For more information on VA Home Loan Benefits, visit their website at www.homeloans.va.gov or call their toll-free number, 1-800-827-1000. You can also access online pamphlets on the VA Home Loan Program here.