Advantages of a VA Loan

Advantages of a VA Loan:

No Down Payment Necessary.

Traditional loans typically require a buyer to provide a minimum of 3.5% to 5% percent of the home’s price as a down payment — and with today’s stricter lending environment that down payment can reach even 15 or 20 percent.

For many first-time home buyers, down payment can come from cash savings or from a gift from family.  Either way, supplying this amount of money upfront may keep renters renting for a long period of time.


The VA Loan is one of the few programs in the country that does not require a down payment. Of course, borrowers who would like to lower their monthly payments are still able and encouraged to make a down payment that’s comfortable for them.

Less Stringent Qualifying.   

Many first-time home buyers might not yet have a strong credit history, which can make it more difficult to obtain approval for a mortgage or qualify for an affordable interest rate. Since the VA Loan is government-backed, VA Loans are easier to qualify for at competitive rates.

Lower Monthly Payments.

Since VA Loans don’t require the added monthly expense of private mortgage insurance (PMI), they tend to leave more money in your pocket each month and give you more buying power.

In addition, the competitive VA Loan rates can save a typical buyer thousands over the lifespan of the loan.  Advantage Veteran!


Additional Benefits to a VA Loan  (BAH) Basic Allowance for Housing

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Cornerstone Home Lending, Inc.   Branch  NMLS # 1224262

Todd McManigal   505-918-1028   NMLS # 267557   godzilla02

“Mortgage Monster…or Mortgage Mastermind?”


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