Benefits of VA Mortgage Loans
At Inlanta, we believe in honoring our Vets who have proudly served and sacrificed for our country to protect our freedom. And it’s personal for us, with our Vet loan officers representing every branch of the military.
If you are a veteran or active military member, it is our privilege to serve you to help make homeownership possible. We are all committed to serving Veterans with our VA loan program, and have also partnered with Pets for Vets, an organization that helps pair rescue dogs with at-risk returning veteran, and donated $25,000 to their cause earlier this year.
Why Choose a VA Loan?
A VA (Veterans Affairs) mortgage loan is designed specifically for service members, veterans, and eligible surviving spouses to help them purchase a home.
VA Loans offer excellent benefits that allow eligible VA borrowers to purchase a home with:
- No money down
- No Private Mortgage Insurance (PMI) required
- More flexible credit guidelines
PMI is usually required if a down payment of 20% is not provided when purchasing a home. With the VA mortgage loan, both the down payment and PMI requirements are waived for veterans.
What Can You Do with a VA Loan?
A VA loan is similar to any other conventional loan, allowing you to:
- Purchase a home or condo
- Build a new home
- Refinance your current home
- Make improvements on your current home, such as adding energy efficient features
Who is Eligible?
Veterans and surviving spouses must meet requirements to qualify for a VA mortgage loan, based on available entitlement and years of service. To learn more about our VA mortgage loans, contact your local Inlanta loan officer today.
Did you Know?
This year marks the 75th anniversary of the GI Bill! Passed in 1944 as the “Servicemen’s Readjustment Act,” the law that positively impacted millions of veterans and their families by providing a wide range of benefits to Veterans including low-cost home loans, education and vocational training, unemployment payments, and an expansion of Veterans’ health care.