What is a VA Loan

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What is a VA Loan

VA Loans
The more you know about loan programs, the more you will realize how little red tape there is in getting a VA (Veterans Administration) loan. These loans are often made without any down payment at all, and frequently offer lower interest rates than ordinarily available. Aside from the veteran's certificate of eligibility and the VA-assigned appraisal, the application process is not much different from any other type of mortgage loan. What's more, if the lender is approved for automatic processing, as more and more lenders are, a buyer's loan can be processed and closed by the lender without waiting for the VA's approval of the credit application.