Advantages of VA Loan Vs. Conventional Loans? | Personal Finance
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Advantages of VA Loan Vs. Conventional Loans?

Since 1944, active duty and former military personnel have been able
to qualify for a home loan through the VA program at a competitive
rate. In order to qualify for a VA insured loan, applicants must be a
veteran who has served on active duty with a discharge other than
dishonorable. Applicants must also have served a minimum of 90 days
during wartime or 181 continuous days during peacetime.The loan has
significant advantages as opposed to conventional home loans. It is
important to note that the Department of Veterans Affairs is not the
lender, but rather insures or guarantees home loans. Full Financing
without PMIWith a conventional loan, home buyers are not always given
100 percent f