A VA loan is a mortgage that’s guaranteed through the US Department of Veteran Affairs. It allows most Veterans, Surviving Spouses and Active-Duty Military to obtain affordable financing for a Purchase or Refinance.
Zero down payment for home purchase
Up to 100% loan to value on a refinance
No Private Mortgage Insurance
The ability to streamline and lower your rate down the road without doing a full refinance. Also known as the VA IRRRL.
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TEXAS RESIDENTS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSED IN TEXAS SHOULD SEND A COMPLETED COMPLAINT FORM TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING (SML): 2601 N. LAMAR BLVD., SUITE 201, AUSTIN, TEXAS 78705; TEL: 1-877-276-5550. INFORMATION AND FORMS ARE AVAILABLE ON SML’S WEBSITE: SML.TEXAS.GOV.