Are there any special mortgage programs for veterans?

Yes, there are special mortgage programs for veterans in the state of Virginia. The Virginia Department of Veterans Services (DVS) administers the Virginia Veterans and Survivors Program, which provides veterans in Virginia with additional mortgage credit options and other financial assistance. The program is designed to help veterans purchase homes and create positive financial outcomes. One way the program provides assistance is through the Virginia Veterans Home Loan Program. This program offers competitive interest rates and flexible terms for qualified veterans in the state. The loan also provides a no-down payment option, meaning veterans do not need to put down a large sum of money in order to purchase a home. The loan is also assumable, meaning if the veteran sells the home, the new owner can take on the loan without having to qualify again. The DVS also administers the Virginia Veterans Next Steps program, which provides grants to veterans to help with down payments and closing costs. The grants are available to veterans with a documented disability and/or who are experiencing a financial hardship. The program also provides education and counseling to assist veterans with financial planning and goal setting. Overall, the Virginia Department of Veterans Services offers several special mortgage programs for veterans, which provide additional assistance and resources to help veterans purchase homes.

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