VA loans are a popular choice for the those that are eligible, especially those that wish to finance more than 80% of their home's value or purchase price. Benefits of VA loans include:

• Low fixed rates
• Homeowners can borrow up to 100% when purchasing a new home
• On cash out refinances, borrow up to 90% of Appraisal Value
• VA loans may be used to pay off debts or do home improvements
• Homeowners with less than perfect credit can qualify VA loans have no penalty for early payoff