From NAR
The VA Home Loan Guaranty program helps veterans and active-duty service members buy a home with key advantages:
- No Down Payment if the purchase price doesn’t exceed appraised value
- Lower Interest Rates than traditional mortgages
- No PMI (private mortgage insurance), reducing monthly costs
- One-Time Funding Fee (1.25%–3.3% of loan amount)
Other highlights:
- No Federal Loan Cap, though lenders may set limits (about $806,500 in 2025)
- Broad Eligibility for servicemembers, veterans, reserves, and some spouses
- Agent Representation Allowed—new reforms permit direct agent payment
- Assumable Loans, giving buyers the option to take over existing VA loans
Working with a REALTOR®, especially one with Military Relocation Professional (MRP) certification, can make the process clearer and more seamless.
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