Know Your VA Home Loan Benefits

Enjoy the Benefits You've Earned

The VA Home Loan program is one of the most powerful loan options on the market. Millions of active military and veterans are eligible to receive these significant financial benefits.

No lender fees

No lender fees

Resource Financial Services charges no lender fees for origination, underwriting and processing of your loan. On a VA home loan, lenders are allowed to charge one percent of the loan amount. On a $200,000 loan, the lender fee would be $2,000. Our policy of no lender fees allows you to maximize your budget.

Zero down payment

Zero down payment

With a VA loan you can buy a house with zero money down. Conventional and FHA loans require between 3.5 percent and 5 percent of the loan amount for down payment. Your VA loan allows you to own a home now, not years down the road, while saving your money for other things like home improvements, education or a rainy day fund.

No monthly mortgage insurance

No monthly mortgage insurance

VA home loans are backed by the government, so unlike conventional and FHA loans, they do not require monthly mortgage insurance. Conventional borrowers who can’t put 20 percent down typically have to pay this, which can add hundreds to their monthly payment. No down payment and no private mortgage insurance means big savings for you.

Lower interest rates

Lower interest rates

Because the VA backs each VA loan with a guaranty, these loans carry less risk and continue to have the lowest average interest rates of all loan types. Resource Financial gives eligible veterans and service members our very best rates on VA home loans and interest rate reduction refinance loans (IRRRL).

What is a VA Loan? A VA loan is a type of mortgage backed by the U.S. Department of Veteran Affairs. It's available to current service members, veterans and eligible surviving spouses, and offers several advantages:

$0 Down

No down payment required

No PMI

No private mortgage insurance (PMI)

Reusable

VA loan benefits can be reused

Easy Re-Fi

Mortgage loan can be refinanced