Mortgage Programs

Veteran's Mortgage

Explore the various types of mortgage financing available to you.

If you’re a veteran, you may want to look into a VA mortgage. Under this program, the Department of Veteran’s Affairs guarantees repayment on these loans to the lender who produces the loan. As a result, you may borrow up to a certain amount, often with a small (between 3% and 5%) down payment. Interest rates are usually slightly above those for non-VA sponsored conventional mortgages.  However, there is no private mortgage insurance to pay.

The term ‘veteran’ for purposes of VA loan qualification, also includes members of the National Guard, military reservists with six or more years of service and some widows of veterans.