Since the a mortgage professional, maybe you have encountered your own fair share regarding clients looking for Virtual assistant funds. After all, Virtual assistant fund try a very popular choice for eligible borrowers. Yet not, discussing the fresh new nitty gritty out of Va money might be challenging considering just how book this new mortgage device is. Therefore we (with a lot of assistance from brand new You.S. Company away from Veterans Factors) authored a leading-peak recommendations self-help guide to get you off and running on your own comprehension of it well-accepted, in depth loan alternative.

Exactly how Va Financing Work

Virtual assistant loans end up in a couple groups: Va head and you can Virtual assistant-supported. With a good Va lead financing, the fresh U.S. Department from Veteran Affairs ‘s the home loan company.

That have a Virtual assistant-recognized mortgage, consumers fool around with personal loan providers, nevertheless the You.S. Company away from Veteran Points guarantees the main loan. Continue reading →