VA-guaranteed loans

VA-guaranteed loans are mortgage loans provided to eligible U.S. military service members, veterans, and certain military spouses, with the U.S. Department of Veterans Affairs backing the loan. This guarantee helps lenders offer favorable terms, such as lower down payments, competitive interest rates, and easier qualification criteria. The VA does not lend money directly but ensures the lender is protected against loss if the borrower defaults. These benefits aim to make homeownership more accessible for those who have served in the military, providing them with more affordable and manageable mortgage options.