Newsletter Popup Form
Excellence Realty Group

    Main Content

    Non-VA Vs VA loans

    VA Loan vs. Traditional Mortgages

    The VA loan is a $0 down mortgage option available to Veterans, service members and select military spouses. VA loans are issued by private lenders, such as a mortgage company or bank, and guaranteed by the Veteran affairs (VA).

    VA Loan- 0% Down
    VA Loan are among the last 0% down home loans available on the market today other than the USDA Gov Loan.

    Conventional Loans
    Require up to 20% down. Conventional loans generally require down payment that can reach up to 20% to secure a home loan, pushing them out of reach for many homebuyers.

    VA Loans
    No PMI required. Save monthly. Since VA loans are government backed, banks do not require you to buy private mortgage insurance.

    Conventional Loans
    Require private mortgage, which becomes a monthly cost. Unless you put down 20%.

    VA Loans
    Competitive Interest Rates, The VA guaranty gives lenders a greater degree of safety and flexibility, which typically means a mortgage competitive rate than non-VA loans.

    Conventional Loans
    Without government backing, banks are taking on more risk, in turn, can result in a less competitive interest rate for your home.

    HP Get In Touch Area

    Have Questions? Get In Touch
    Call us at: 612.991.2630 or fill out the form below.