VA Loan Definition

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VA Loan Definition

A VA Loan is a loan option offered through the Veterans Administration. This financing option is available for you if you are an eligible service member. Veterans must provide a veteran's certificate of eligibility and the appraiser is assigned by the VA.

VA Loan Features

  • Financing for eligible service member (veterans, reservists, active duty personnel, or eligible family members).
  • Low to no down payment options available.
  • No mortgage insurance requirement.
  • Flexible income, debt, and credit requirements.
  • Down payment and closing costs may come from a gift or grant.
  • Available in a variety of fixed-rate and adjustable rate loan options.

You can visit www.benefits.va.gov/homeloans/ to find out more about this financing option or feel free to contact one of our loan officers with Ameris Bank with any questions you may have.