Veteran Affairs (VA)

Veterans Affairs Loan 

VA Home Loans for Service Members and Veterans 

What You Should Know About this No Down Payment Mortgage Loan
Available only to veterans, service members and select military spouses, a VA mortgage loan allows you to finance your home at a competitive interest rate with zero down payment. As these home loans are guaranteed by the US Department of Veterans Affairs (VA), as a mortgage broker, we have a wide variety of companies available to help find the most favorable rate and terms. 

VA Loan

Buy, build or refinance a new home at competitive mortgage rates, with no down payment. 

VA Renovation Loan

Get no-money down financing to remodel or repair a fixer-upper or your current home.

Advantages of a VA Mortgage Loan:

Since its inception in 1944, the VA loan program has helped more than 22 million eligible personnel and military family members with new home purchase and mortgage refinance. These loans have several benefits which make them more appealing than conventional mortgages. Some of these advantages include: 

  • You do not have to be a first-time homeowner
  • No down payment or private mortgage insurance (PMI) is required
  • VA rules limit the amount lenders can charge for closing costs
  • Closing costs may be paid by the seller
  • There is no penalty if you pay off the loan early
  • VA may be able to provide you some assistance if you have difficulty making payments
  • You can have VA loan benefits restored after use or you can access your unused portion for another mortgage
  • Mortgage loans can be refinanced
  • A cash-out option allows you to use a portion of your current home equity to reduce overall debt, pay for house repairs, fund college education, and more

VA Loans Can be Used for:

  • Buying a home or a condominium unit in a VA-approved project
  • Building a home
  • Buying a manufactured home with a lot
  • Simultaneously purchasing and improving a home
  • Making energy efficient improvements to a home
  • Refinancing an existing VA-guaranteed or direct loan for a lower interest rate
A VA mortgage loan can help you realize your dream of owning a home. Come to Dividend Mortgage to determine if this is the best financing tool for you. We offer a full suite of conventional and government-backed loans for homeowners in Michigan. Our specialty lies in helping you choose the perfect fit.  

Call 269-321-8950 or contact us online to set up a consultation for a VA mortgage loan. 
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