Short answer: no.

Longer answer: the VA loan is actually a Veteran’s Administration guarantee on a home loan. It allows a military member to buy a home with no money down and avoid Private Mortgage Insurance (PMI). PMI is insurance on a loan; in the case of a VA loan, the VA is the insurer. Further, most lenders can do VA home loans; you are not locked into using a specific bank or lender. It’s your entitlement and prerogative to compare interest rates and closing costs.

Looking for a lender? Give me a call and we can talk options.

Call Rob @ 719-440-6626 or email robthompsonrealtor@gmail.com