VA stands for veteran affairs. Veterans are eligible to receive a loan.
As the name suggests, VA stands for veteran affairs. Veterans are eligible to receive a loan — for example, a mortgage loan — established by the United States Department.
Types of VA Loans
- Fixed rates with terms and conditions
Eligibility to get VA Loans
Getting a VA loan requires the applicant to meet specified guidelines. Once the list of criteria is met, the approved applicant will receive a Certificate of Eligibility. Even a low credit score of 620 will get you approved.
- Veterans could benefit from a loan without any down payment
- Even with a low credit score, a veteran can still be eligible