Q: I’m a retired veteran looking to purchase my first home. A friend of mine recommended a VA loan, but I’m not sure if it’s right for me. What are some VA loan pros and cons I need to consider? A: ...

VA loans offer many benefits such as no down payment or mortgage insurance, easier qualifications and lower interest rates. However, they also have drawbacks such as a required funding fee, property ...

You can have multiple VA loans throughout your life, but only in certain situations, such as selling your current home and buying a new one or refinancing your existing VA loan. VA loan entitlement is ...

Erik Smolinski bought his first home using a VA loan, which doesn't require a down payment. He encourages anyone who meets the requirements to take advantage of this type of loan. For everyone else, ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. You want to buy a ...

A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA) and is available to eligible service members, veterans, and, in some cases, their families. The VA doesn’t ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. VA loans exist to make ...

If you have an existing VA loan, you can refinance it to get a better interest rate, change your loan term or tap into your home equity. To qualify for a VA mortgage refinance, you'll need to meet ...