• The Department of Veterans’ Affairs (VA) guarantees VA loans for eligible veterans, current service members, and surviving spouses.
• There is no mortgage insurance. The VA guarantee replaces mortgage insurance.
• Do not require monthly mortgage insurance premiums, but usually require an upfront VA Funding Fee.
• Veterans with service related disabilities may be eligible for the VA Funding Fee Waiver.
• The VA IRRRL (Interest Rate Reduction Refinancing Loan) allows for low-cost, streamlined refinance options.
• VA Jumbo loans up to $1,500,000 are available regardless of county loan limits.
