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. And in select areas across the country, you may also be able to get $2,500 or $5,000 to lower your interest rate or put toward your closing costs with our exclusive Chase Homebuyer Grant.
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.