VA Home Loans - Pros Cons VA Home Loans
VA home loans: VA (Veterans' Affairs) loans are mortgage loans that are designed specifically for active and former members of the armed services, who meet specific criteria. They are popular -- in a typical year, around 490,000 loans are guaranteed by the government, totaling over $63 billion. Contrary to what many people think, the VA doesn't actually lend the money, it just guarantees the loan.