What is a VA Loan?
Despite the name, a VA Loan is not a loan made directly by the federal government or the Veteran’s Administration. It is a loan made by a qualified lender, guaranteed by the United States Department of Veterans Affairs (VA). The loan enables veterans and active duty personnel to purchase a home with favorable loan terms. Carrington Mortgage Services is proud to support The United States Department of Veterans Affairs by offering VA loans to active duty and retired members of the United States Military.
Family members of eligible servicemen and servicewomen may be eligible as well.
Is a VA Loan Right For Me?
If you've served then, Yes! Great rates, great terms, and flexible qualifications make this the best choice.
- 15 or 30 year fixed rate mortgage
- Up to 100% financing may be possible
- No or low down payment options
- Low minimum credit scores down to 500
Additional savings with low-interest rates are another attractive feature. If you have a less than perfect credit score, VA loans offer flexibility to those who need it.
How Do I Get a VA Loan?
If you are eligible for a VA loan, consider taking advantage of this money saving program.