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REAL ESTATE: What Are the Benefits of VA Home Loans?

by Janet Nettles, Middle Tennessee Properties

The Department of Veteran Affairs offers home loan options to active military members and veterans.

The loan benefits are:

• No down payment
• No Private Mortgage Insurance (PMI) premium requirement
• VA limit the amount veterans
• Closing cost MAY be paid be seller
• No penalty for early payoff

About the loan:
• You can use benefits over and over.
• VA loans are assumable by qualified persons.
• Funding fees can be included in the loan.
• Veterans can get help on delinquent loans.
• VA guaranteed loans can be used to buy existing or re-construction, as primary residence
• Refinance an existing loan.

• Veterans who meet length of service requirements
• Service members on active duty who have served a minimum period of time
• Certain Reservists as well as National Guard members
• Certain surviving spouses of deceased Veterans

How to start the loan process:
• Veterans will need to provide lender with Certificate of Eligibility (COE)
• VA has guidelines, policy and oversight of the program

The Department of Veteran Affairs Office offers classes to learn how to obtain a loan. Call our office to register of our upcoming free class for “How to Buy a House as a Veteran.” The next class is in May. For more information, call Middle Tennessee Properties, 931-728-9611 or email

Other upcoming classes include “First Time Home Buyers” and “How to Rehab Your Credit.” We look forward to working with you and your family.



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