Designed to provide extended financing opportunities to United States veterans, VA mortgage loans are dispensed by federally authorized lenders and assured by the U.S. Veterans Administration.
The VA determines eligibility for VA loans, and qualifying applicants receive a certificate as verification. This certificate must be presented to the chosen mortgage lender.
VA loans are placed within GNMA (Government National Mortgage Association) pools to be securitized and offered to the investment community.
Securing a VA loan is generally less intricate compared to conventional loans.
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