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How does a VA Home loan work?

April 26, 2017home loan VA

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How does a VA Home loan work?

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Banks, mortgage companies and other private lenders have the ability to loan money towards the purchase of a home for VA loan benefit qualified individuals. Eligible parties are veterans of the United States Armed Services, and have served active duty during war or peacetime. A portion of a VA loan is guaranteed by the government to be paid in the event that the purchaser is unable to fulfill the loan.