VA Loans

What are VA Loans?

Backed by the US Department of Veterans Affairs, VA loans are a special mortgage option available to veterans, active-duty service members, and select military spouses. Created in 1944 amid WWII, these loans are a benefit program that help our nation’s heroes and their families purchase and/or refinance a home. One of the numerous benefits of a VA loan is that many borrowers can qualify for a $0 down mortgage! This means a borrower does not have to make a down payment and can still buy a home. VA loans also boast some of the most competitive interest rates in the market and are easier to qualify for than some other loans. In addition, unlike conventional loans, VA loans do not require a PMI; however, most of these loans do feature something called a “funding fee.” This fee is paid directly to the VA to ensure the program keeps running for future generations. The amount of the funding fee varies in relation to the borrower’s circumstance and does not necessarily apply to all veterans. If you are a veteran, active-duty service member, or military spouse, you should discuss your options with one of Mortgage Atlanta’s loan experts to learn whether a funding fee applies to you. We thank you for your service! Mortgage Atlanta takes extra pride in working with our VA clients, and we will donate up to $500 of our profits on each VA loan to a military-backed charity of your choice!
Back to Loan Options
Apply Now
Quick Rate Quote

Mortgages for you, with you.

© 2020 Mortgage Atlanta LLC All Rights Reserved  |  Georgia Residential Mortgage Licensee 24081  |  NMLS Company License #184273