VA loans are one of the last zero down loan options left. This can be a double-edged sword because it can really increase the amount of your monthly payment. VA loans can only be used for the purchase or building of a primary residence or for the refinancing of an existing loan.
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A VA loan in Cedar Park, or anywhere for that matter, is a loan that is backed by the Department of Veteran’s Affairs and they were enacted as part of the GI Bill. These loans are offered to retired veterans, active military, honorably discharged, and widowed spouses of military members killed in action.
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