How a VA Loan Affects Other VA Benefits
Videos feature Tim Lewis, VA Loan Team Manager, NMLS #157603.
How will getting a VA loan affect my other VA benefits like pension and health care?
Many veterans wonder how one VA benefit affects another, particularly when it comes to home loans. Truth is, the home loan guaranty program, pensions and healthcare are all separate VA benefits. A common misconception is that VA loans are cash from the government to buy homes. In fact, VA home loans are made by private lenders like banks and mortgage companies. Only a portion of each VA mortgage is guaranteed by the U.S. Department of Veterans Affairs. This federal backing gives mortgage lenders the ability to provide up to 100% financing and no private mortgage insurance on home loans to veterans. A VA loan has no effect on your ability to receive other veteran benefits like pensions, healthcare or other VA assistance.
You can speak directly with a VA mortgage professional to learn more about your own VA home loan benefits.
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