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Veterans Administration Mortgage
(redirected from VA Mortgages)

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Veterans Administration Mortgage
A mortgage made by a private bank to a qualifying veteran that is guaranteed by the U.S. Department of Veterans Affairs. In order to be eligible for a VA mortgage, the veteran cannot have been dishonorably discharged and must have served a certain number of years in one of the branches of the American military (the number varies by branch). During the credit crunch, obtaining a VA mortgage became the only way one could obtain a mortgage with no down payment.
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Homeowners who purchased their homes with VA mortgages have experienced first hand all of the benefits this type of financing provides There are even more benefits available to home owners who would like to refinance their current mortgages Homeowners who purchased their homes with VA mortgages have experienced first hand all of the benefits this type of financing provides.
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Most FHA and VA mortgages are assumable for qualified buyers.
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