The VA Loan is a very specific form of mortgage loan that is generally issued by pre-approved lending institutionsand are moreover, further guaranteed by the “U.S. Department of Veterans Affairs” or DVA. The core purpose of the program was to provide help and support to all those returning service members who were veterans, coming back from a conflict zone. This program was initially created by the government of the United States of American, way back in 1944 as the Second World War was dying down. The main aim of disbursing such loans was to help these veterans who did not have the financial resources to apply for commercial loans and pay hefty down payments, up front. Furthermore, duly approved VA loans did not require an excellent credit score either. o No down payments required And unlike other loans (including even FHA approved financial loans) the requirement for paying ‘lump sum’ down […]Read More
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