VA Loans The U.S. government created a military loan guaranty program in 1944 to help returning service members purchase homes. This resulted in what is now called the VA Loan, which is a mortgage loan issued by approved lenders such as SIRVA Mortgage. VA Loans are guaranteed by the federal government, offer 100% financing, require no private mortgage insurance and are available for eligible veterans. Since the beginning of the VA Loan program, more than 20 million veterans and their families have received funding for their homes. VA loans have several distinct advantages over traditional mortgages including 100% funding with no money down and no private mortgage insurance requirement. Eligible veteran's have a tremendous benefit with access to one of the best loan programs offered. Please contact one of our professional loan counselors to find out more details on the VA Loan program. Some of the features of a VA Loan include: 0% Down (for qualified borrowers) - VA Loans are one of the last 0% down home loans available. No PMI - Because VA Loans are backed by the government, you are not required to buy Private Mortgage Insurance. Competitive Interest Rates - Because VA Loans are guaranteed by the government, lenders generally have a greater degree of safety and flexibility, which can mean a more competitive rate than conventional mortgages. Easier to Qualify - Once again, the government backing allows banks to assume less risk therefore they generally have less stringent qualification standards for VA Loans compared to conventional mortgages. Talk to one of our professional loan counselors today to learn more about our VA Loans and other mortgage options!