Loans from the U.S. Department of Veterans Affairs offer low or no down payment options and have no monthly mortgage insurance requirement. VA loans are available with 10-, 15-, 20-, 25- or 30-year terms. In select areas across the country, our Chase Homebuyer Grant provides $2,500 or $5,000 that is first applied to help lower your interest rate. Then it can be applied to Chase fees, other fees or possibly your down payment.
Things to consider:
You must be a veteran, active duty service member or a member of the National Guard or Reserve to qualify for a VA loan.