Published by HomePlus at December 23, 2020 Borrowers can apply for different types of mortgage loans. But for veterans, many consider VA Loans, El Paso, TX, as the best way to homeownership. They provide significant advantages, including the following: They require no down payment – Unlike any other type of loans wherein one needs to pay 5, 10, 20 percent or more for a down payment, VA loans, El Paso, TX, is an exception. With VA loans, one can finance up to 100 percent of the purchase price. Mortgage insurance isn’t a requirement – Usually, lenders require borrowers to pay for mortgage insurance when one makes a down payment that is less than 20 percent. However, with VA loans, insurance is not a requirement because the VA […]