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The $53K in VA Mortgage Benefits Most Veterans Are Not Claiming

Over 94% of veterans have not taken advantage of their full VA mortgage benefits. Whether you’re a homeowner or looking to buy, lifetime savings of for a VA loan can add up to nearly $53,000 when assessed over the loan lifetime. Even more good news: these benefits apply to vets who currently own a home as well as those who do not.


**Important: Military homeowners and homebuyers have access to the most powerful loan product on the market. Find Out if You Qualify >



If don’t want to miss out on a ‘jackpot’ benefit like this, we recommend checking your eligibility as soon as possible. VA mortgage rates are at historical lows. Even a modest jump in interest rates can have big consequences when applied to loans as large as a home mortgage. See Today’s VA Rates >>

Veterans who use this loan program have access to 5 advantages that make Veteran loans hands down the best loan product out there:

  1. No Down Payment. Most loan programs require at least 3% down and as much as 20%. But a VA loan requires no down payment whatsoever. This saves Veterans years of scrimping and saving prior to buying a home.
  2. No Mortgage Insurance. Most home buyers pay hundreds of dollars per month in mortgage insurance if they make a down payment of less than 20%. Veterans who use a VA home loan do not pay PMI so they buy more house with less money.
  3. Less-than-Perfect Credit OK. The non-Veteran home buyer often needs stellar credit to buy a home. This isn’t the case for Veterans. Credit score minimums are much easier to reach.
  4. Lower Rates. Veteran home loan interest rates are about 0.25% lower than rates for conventional loans, according to a recent lender survey. Veteran home buyers will likely end up paying less in interest compared to the average home buyer.
  5. Closing Cost Reduction. Veteran home loans come with limits on how much you can be charged in loan fees. These loans come with built-in protections for Veterans.

**Tip: Many Veterans assume they are not eligible for their home buying benefit. But the minimum service requirement is between 90 days and 2 years for most Veterans. Check your eligibility >>


Here’s How to Find Out if you Qualify

Veterans eager to get the process started should send their request to a VA lender.

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