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VA Loan Service members and veterans can buy a house with no down payment or PMI. Conventional Loan This is a common option for those using a down payment of at least 5% to buy or refinance a home. Jumbo Loan This loan is for those looking to finance a loan amount more than $484,350.
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A VA loan can be used for cash-out refinancing or to build or buy a primary residence (not a vacation property or second home). For many military families, service members and veterans, the VA loan program is the best home loan program available in the marketplace.
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