Each year, thousands of military members and veterans in California use the VA loan program to either purchase or refinance a home. VA loans allow eligible home buyers to finance the entire purchase price without paying mortgage insurance. These features can benefit all home buyers, but they're especially important in a state like California with higher than average home prices.'
Home buyers in Washington State who use a VA loan can purchase a house with no money down, while avoiding mortgage insurance at the same time. Typically, a low down payment will require the borrower to pay mortgage insurance. But that's not the case with VA loans. It's one of the many benefits offered by this program.'
This article discusses the Blue Water Navy Vietnam Veteran’s Act that was recently signed into law. It provides health benefits for veterans and also makes several important changes to the VA loan program, including eliminating loan limits.'
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