If you qualify for a loan backed by the U.S. Department of Veterans Affairs, it’s possible to buy a home with no money down. You get the loan from us here at Direct Mortgage, Corp. and the VA Guarantees it.
There is no mortgage insurance with a VA loan, but you do have to pay an upfront funding fee. You can reduce the funding fee by making a down payment, but no down payment is actually needed. You can place the funding fee into the loan amount.