Millions of veterans and military members have access to what’s arguably the most powerful and flexible mortgage option out there.
VA loans require no down payment or mortgage insurance while featuring forgiving credit and underwriting requirements. These government-backed mortgages are more popular than ever in a time of tight lending.
But they’re not the right fit for every military borrower. For as much flexibility and buying power as this benefit conveys, there are also some things you can’t do with a VA loan.
That’s mostly because this is a loan option focused on helping veterans purchase move-in ready homes they’ll live in year round.