A VA loan is a mortgage loan program offered by the Department of Veterans Affairs (VA) to eligible veterans, active-duty service members, and surviving spouses.

One of the major benefits of a VA loan is that it allows eligible borrowers to purchase a home with no down payment, making homeownership more accessible. Additionally, VA loans often have more lenient qualification requirements compared to conventional loans, making them easier to obtain for veterans and service members.

Another advantage is that VA loans typically offer competitive interest rates and do not require private mortgage insurance (PMI), which can result in significant cost savings over the life of the loan.

Obsidian Mortgage has been helping veterans for many years. Our experienced team will help expedite your request.