How Do Va Home Loans Work. You ll get your loan through a private lender like a bank or mortgage company. This page contains links that will take you outside of the department of veterans affairs website.
Va home loans are provided by private lenders such as banks and mortgage companies. Basically you fill out paperwork from the va that verifies your eligibility for the program. Steps to starting the process and finding a home.
If your va backed home loan goes into foreclosure the guaranty allows the lender to recover some or all of their losses.
Va loans are one of the last zero down home loans available today. You can buy a home with no down payment. Basically you fill out paperwork from the va that verifies your eligibility for the program. In 2018 around 50 of homes bought using.