The VA Home Loan Program was started in 1944 as a part of the GI Bill of Rights following World War II. It was created to reward those currently serving in the military and veterans that have served. As part of the GI Bill, the government created a special government insured mortgage program to minimize down payments, lower closing costs, and help active-duy service members and veterans achieve the dream of homeownership.

• One of the primary benefits of a VA mortgage is that in most cases a down payment isn't required. It is one of the only home loan programs in the country without a required down payment or private mortgage insurance. VA allows veterans to pay up to 1% of their loan amount toward VA non-allowable fees.
• VA interest rates and annual percentage rates (APRs) tend to be lower when compared to other home loan mortgage programs. Individual interest rates for VA loans are still dependent on your personal situation. Factors that can affect VA interest rates include your credit scores, how much your down payment is, the value of the home, etc.

For eligible veterans and their families, the VA home loan is a truly great financing option and one to explore with The HLC Team, your experienced mortgage professionals.