ORVET / ODVA vs the Federal VA Home Loan
Do you know the difference between State VA and Federal VA home Loans? There is a big difference. State VA loans will require a minimum of 5% down with a higher rate than Federal VA home loans. With Our Federal VA loans, you can buy with 100% financing – that is a NO DOWN Home Loan! Also, with Federal VA loans, you will have NO PMI (monthly mortgage insurance). These are the only 100 percent financing home loans with NO Monthly Mortgage Insurance. They are also offered with government rates that are much lower than conventional rates that require a down-payment. Many Oregon Veterans take advantage of one of these two programs every year.