For Your Residential Mortgage Solutions,
Call: (337) 264-9990
Hours of Operation: 8:30 a.m.–5:00 p.m. After hour appointments available upon request.
Copyright 2010. Universal Lending Services, Inc. All Rights Reserved.
VA loans are made by an approved lender and guaranteed by the Department of Veterans Affairs. That means that the Department of Veterans Affairs backs the loan, so if the borrower defaults on it, the lender is protected. VA loans are made available to eligible veterans, those currently serving in the military, and, in some case, their spouses. Borrowers who are eligible for a VA loan are permitted to have a small, or sometimes non-existent, down payment and still get a mortgage. This is the biggest advantage of a VA loan. A VA loan also has no monthly mortgage insurance.