VA

VA loans provide exclusive home financing benefits to eligible veterans, active-duty service members, and qualifying spouses. Backed by the U.S. Department of Veterans Affairs, these loans offer zero down payment, competitive interest rates, and no private mortgage insurance (PMI). VA loans are designed to make homeownership more affordable for those who have served our country.

With flexible credit and income requirements, VA loans allow eligible borrowers to qualify more easily than conventional loans. They also have lower closing costs and no prepayment penalties, making them one of the most cost-effective mortgage options available. Additionally, VA loans offer flexible refinance options, including the VA Interest Rate Reduction Refinance Loan (IRRRL) for streamlined refinancing.

Because VA loans are government-backed, they have specific eligibility requirements based on service history and duty status. If you’re a veteran or active service member looking for a low-cost path to homeownership, a VA loan could be the perfect fit.

Disclaimer: Loan product guidelines are subject to change. Contact your Caritas Mortgage loan officer for the most up-to-date information.