More 21 mil Veterans and you can Servicemembers are now living in brand new U.S. today, however, no more than six per cent of those ordered a home playing with an effective Virtual assistant home loan in the past 5 years. You to definitely percentage could well be higher.

First, they may maybe not know-all the advantages. Second, they could envision providing a Virtual assistant financing is a difficult process to be avoided. Past, specific loan providers usually do not take the time to teach Pros concerning system, or have no idea far about it by themselves. The new Virtual assistant home loan try a course non-army homebuyers like to that they had access to.

My recommendations: just take a couple of minutes understand these ten details about the fresh new system, and you will probably just about forget every other real estate otherwise re-finance option.

Speaking of perhaps the biggest advantages to a good Virtual assistant mortgage. You don't have an advance payment. Not one after all. Very home loan applications, such as for example FHA and you can traditional financing, need at the least step 3.5 per cent so you can five per cent off.That's around $twelve,five hundred towards the a $250,one hundred thousand house purchase.