- Up to 100% Financing available (No down payment required)
- Available to Active Duty and Honorably Discharged Veterans
- Typically lower interest rates than Conventional loans
- More lenient credit underwriting guidelines than Conventional
- No monthly mortgage insurance (unlike FHA and Conventional)
- Higher mortgage amount limits than FHA or USDA
- Lower down payment requirements (3.5%) than Conventional
- Lower credit score requirements and more lenient guidelines
- Gift funds from family may be used as a down payment
- No income limit restrictions
- Great for first-time homebuyers
- Typically lower interest rates than Conventional loans
- Promotes homeownership in rural areas
- No down payment required
- Flexible credit guidelines
- Generous income limit restrictions
- Typically lower interest rates than Conventional loans
- Lower monthly mortgage insurance than FHA or Conventional
- No PMI (mortgage insurance) with 20% down payment
- Great option for credit- and asset-worthy buyers
- Higher loan limits than FHA
- No income limits
- Options for second homes and investment properties
- Mortgage insurance drops off at certain LTV (unlike FHA)
