What is a VA loan and who can get it?

What is a VA loan and who can get it? November 11 was Veteran’s Day, created more than a century ago to honor those who have served the country.
One of the benefits of serving in the armed forces is the ease that veterans receive when buying a home. A veteran or active military are eligible to obtain a home loan known as a VA. Unlike conventional or other loans, the VA is backed by the Department of Veterans Affairs and due to this guarantee, veterans do not need to have good credit or put money down. That is, they get 100% of the loan.
If you are a veteran or active military and want to buy a home, any mortgage lender will require you to present them with a Certificate of Eligibility known as a COE, which indicates that you may be eligible for a VA loan. This certificate can be obtained in the eBenfits portal.
Another advantage of being a veteran is that the VA mortgage interest rate is lower than a civilian mortgage, nor does it require mortgage insurance known as PMI.
Of course, you will have access to 100% of the loan if you are working and can prove your income.
Make no mistake, veterans’ properties should also have insurance that protects them from potential damage: hurricane, fire, theft, vandalism, wind damage, hail, or falling tree damage. But when it comes to insurance, veterans benefit from lower rates.
If you are a veteran or active military and want to buy the house of your dreams, better call Univista Insurance, when you have made the decision. Univista specialists will accompany you throughout the purchase process and will obtain the cheapest homeowners insurance on the market.
By the way, Happy Veteran’s Day and thanks for your service! What is a VA loan and who can get it?

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