VA financing

VA financing is available to veterans and their spouses only. These types of federal home loans allow the veteran to purchase a house, up to a certain limit depending on the geographical location, with zero money down. Another benefit that exists with VA financing that does not exist with the FHA federal home loans is the option to become eligible for the same amount once the previous loan has been paid off. Where FHA federal home loans are open to first time homebuyers, the VA loan can be used multiple times, up to the limit. If a veteran wants to purchase 2 pieces of property simultaneously, where the combined total equals the loan limit, it is allowed.