Rebrand – answers to frequently asked questions

VA HOME LOANS

VA Loans are a valuable option for veterans, active-duty service members, and eligible surviving spouses looking to purchase or refinance a home. These loans are backed by the U.S. Department of Veterans Affairs, offering numerous benefits tailored to the unique needs of military personnel. One of the most significant advantages of VA Loans is the no down payment requirement, allowing eligible borrowers to finance 100% of the home’s purchase price. Additionally, VA Loans do not require private mortgage insurance (PMI), which can result in substantial monthly savings. CMF supports veterans and service members throughout the loan process, providing expert guidance and assistance to ensure they fully benefit from the available VA programs and achieve their homeownership goals.

Loan features

The loan limits are the amount a qualified Veteran with full entitlement may be able to borrow without making a down payment. There are limits on the amount of liability the VA can assume, which usually affects the amount of money an institution will lend you. 1The loan limits are calculated and updated annually and vary by geographic location.