| VA home loan interest rates are much lower than any | | | | guaranteed a VA loan of up to $240,000, the actual |
| other interest rates applicable on other kinds of loans. | | | | amount of the VA mortgage loan will depend on |
| The VA home loan rates are transferable. You | | | | income, assets, and credit history. You can choose VA |
| demonstrate your positive points to lenders and | | | | home loans at rates that are adjustable. A variable |
| request a lower interest rate. Lenders investigate a | | | | loan rate can save you money, if you do not have a |
| number of factors before issuing VA loans, such as a | | | | long-term interest in the house. |
| borrower's credit record, income levels, etc, which in | | | | VA loans can help you to obtain the funds to purchase |
| turn influences the VA loan rates. The lender will also | | | | an existing single-family home or new construction. |
| want to assure that you are capable of meeting the | | | | You can take advantage of VA home mortgage loan |
| payments to cover the cost of a home, which includes | | | | to refinance or undertake home improvements. The |
| credit payments, insurance, taxes, income levels, etc. | | | | interest rates on VA home loans differ from one |
| Eligibility for a VA loan is not based on your credit | | | | financing company to another. These specific financing |
| score, but you pay the same low rate whether you | | | | companies offering VA home loans also have an |
| are making a 5% down payment or no down payment | | | | array of products with different loan rates. So, you can |
| at all. | | | | choose a VA home loan based on such rates. |
| Though first-time VA home loan applicants are | | | | |