What are the benefits of a VA loan vs. a conventional loan?
You can get 100% financing with no mortgage insurance which means your entire interest payment is tax deductible. You can get approved with less than perfect credit and still get a great rate. When you are ready to refinance a VA loan you can do what is called a streamline refinance that requires no income, asset, or credit verification. Not to mention, it is much cheaper that a conventional refinance because many of the traditional closing costs are waived.
