What is it?
A VA Loan (Veterans Administration) is mortgage guaranteed by the Department of Veteran Affairs that approved private lenders like Province Mortgage Associates can offer to their clients for refinance and purchase transactions. The largest advantage for eligible veterans, service men and women and their spouses, is that there is no mortgage insurance required which lowers the overall monthly payment. Other benefits include 100% financing with no down payment, no prepayment penalties, and low to no funding fees.
Who can it help?
If you are a United States Military Veteran, either retired or currently serving our country, or the spouse of a US Veteran (check eligibility), we encourage you to explore the benefits of VA Lending, especially if you do not have a sizable down payment.