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A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. While the VA does not lend money for VA loans, it backs loans made by private lenders (banks, savings and loans, or mortgage companies) to veterans, active military personnel, and.
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Another mortgage, such as the HomeReady loan, allows homebuyers to count up all the income from the household to be valued when being qualified for a mortgage from a lender. For the military home buyers, the VA loan is usually the best home loan that your mortgage lender, NSH Mortgage, can give you. For Military Home Buyers, What Is The VA Loan?