VA Mortgages are loan products which are guaranteed by the U.S. Department of Veterans Affairs (VA).  The VA Home Loan Benefit, which was originally created by the GI Bill in 1944, gives eligible Veterans the ability to finance their home purchase without a down payment.  In the event of a borrower default, the lender will be protected from loss.  A VA Funding Fee is typically financed as part of the loan amount; this funding fee which functions similarly to mortgage insurance. VA Mortgages can be used to Purchase, Refinance or Renovate residential properties which will be primary residences.

**Sierra Pacific Mortgage Company, Inc. is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.