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VA purchase loan
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VA purchase loan

The VA’s standard new purchase loan allows veterans and military members to buy a home without a down payment. This is probably one of the biggest benefits of the VA loan program.

VA IRRRL
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VA IRRRL

IRRRL stands for “interest rate reduction refinance loan,” and it’s more commonly known as a “VA streamline” refinance. You don’t need to provide income documentation, nor do you need to get an appraisal.