We’re often asked about military loans because of the strong military presence in the nation’s capital. Military loans will almost always fall under the Veterans Administration (VA) loan program. There are two primary benefits and several ancillary benefits to these military loans. The primary benefits of military loans through the VA loan program are the ability to purchase a home without any upfront cash and the lack of annual mortgage insurance payments that could literally save hundreds each month on your payment. Ancillary benefits of military loans through the VA loan program include lower credit score requirements and the ability to cash out up to 90% LTV, which is far better than the 85% and 80% LTVs with the FHA and conventional products, respectively.
For more information on our military loans program please click here.