Pensacola

April 29, 2021

Types of VA Loans, Pensacola – Consider Your Options

VA loans, Pensacola, are a type of mortgage loan guaranteed by the U.S. Department of Veterans Affairs and issued by a private lender, such as a mortgage company, a bank, or credit union. If you are an active-duty military member, a veteran who meets the length-of-service requirements, or a surviving spouse of a service member who died in the line of duty, you can be eligible for this type of loan. If you are indeed eligible, the next thing you need to know is the types of VA loans available. Depending on your unique situation, you may pick from the following options: VA purchase mortgage – no down payment required; this can help you buy, build, or improve a home. […]