Welcome to Bank-Rates

VA LOAN

Back to Programs

VA Loans are available exclusively to those who have served our country and their spouses. The VA loan program was started by the Federal Servicemen’s Readjustment Act in 1944 to help the serviceman coming back from serving in World War II to purchase affordable housing.

VA LOAN

What is a VA LOAN

VA Loans are available exclusively to those who have served our country and their spouses. The VA loan program was started by the Federal Servicemen’s Readjustment Act in 1944 to help the serviceman coming back from serving in World War II to purchase affordable housing. Due to its low interest rates and no down payments, the VA loan is the optimal choice for many military families. VA loans are available for veterans and active duty service members who meet the basic service requirements. VA helps Service members, Veterans and eligible spouses become homeowners and refinance their current home to 100% of the appraised value to pay off additional debt or receive cash to meet their financial goals. As part of our mission to serve you, Bank Rates programs provide a home loan guarantee benefit and other housing-related programs to help you buy, build, repair, retain or adapt a home for your personal occupancy. These flexible government-backed loans come with significant benefits that open the door of homeownership to veterans who might otherwise struggle to obtain financing.