Department of Veterans Affairs (VA)

The VA is a valuable resource for veterans and persons in or leaving military service who are looking to purchase a home. This department helps veterans acquire homes with little or no down payment. It also protects the lender against loss if the homeowner does not make mortgage payments. Additional benefits include:

• financing 100% of the value of the property
• flexibility of negotiating interest rates with the lender
• free mortgage insurance
• limitation on buyer's closing costs
• rights to prepay without penalty

More information on the VA's Home Loan Program can be found at http://www.Homeloans.VA.Gov.