VA Home Loan Program

GPTKB entity

Statements (47)
Predicate Object
gptkbp:instanceOf government loan program
gptkbp:administeredBy gptkb:U.S._Department_of_Veterans_Affairs
gptkbp:alsoKnownAs gptkb:VA_loan
gptkbp:benefit competitive interest rates
no down payment required
no private mortgage insurance required
gptkbp:country gptkb:United_States
gptkbp:eligibility gptkb:National_Guard_members
veterans
Reserve members
active duty service members
certain surviving spouses
gptkbp:established 1944
gptkbp:establishedBy gptkb:Servicemen's_Readjustment_Act_of_1944
gptkbp:feature no prepayment penalty
can be used for home improvement
can be used for refinancing
limited closing costs
assumable loans
can be used for condominiums
can be used for energy efficient improvements
can be used for manufactured homes
can be used for new construction
can be used multiple times
gptkbp:fundingFee required, but may be waived for some veterans
gptkbp:guarantees gptkb:U.S._Department_of_Veterans_Affairs
https://www.w3.org/2000/01/rdf-schema#label VA Home Loan Program
gptkbp:maximumLoanAmount varies by county
no maximum, but subject to lender approval and VA limits
gptkbp:notProvidedBy U.S. Department of Veterans Affairs directly
gptkbp:provides private lenders
gptkbp:purpose help eligible surviving spouses purchase homes
help service members purchase homes
help veterans purchase homes
gptkbp:relatedLegislation gptkb:Servicemen's_Readjustment_Act_of_1944
gptkb:Blue_Water_Navy_Vietnam_Veterans_Act_of_2019
gptkbp:requires property must be primary residence
satisfactory credit
sufficient income
valid Certificate of Eligibility
gptkbp:targetUser gptkb:Interest_Rate_Reduction_Refinance_Loan
gptkb:Native_American_Direct_Loan
cash-out refinance loan
purchase loan
gptkbp:website https://www.va.gov/housing-assistance/home-loans/
gptkbp:bfsParent gptkb:Department_of_Veterans_Affairs_(USA)
gptkbp:bfsLayer 5