They will be available to a host of service members
Better Home & Financing Holding Company (Better) has announced the launch of its Better Mortgage VA Loans, a digital VA loan program that will be made available to eligible US veterans, service members, National Guard and Reserve members, as well as Veterans’ spouses.
The offering will allow qualified veterans to secure a home loan for up to 100% of their purchase price with no required down payment.
“Better has brought the traditional mortgage into the digital era, launching our 1 Day Mortgage Product and funding over $100 billion of fully digital mortgages,” said Vishal Garg, founder and CEO of Better.
“With Better’s VA Loans, we are opening the door for even more hardworking Americans who have served their country to achieve the American Dream of homeownership.”
For qualified borrowers, the VA loan program will not require a minimum down payment. Veterans will be able to use a Better VA Loan in order to buy a primary residence and will also be able to borrow up to 100% of the purchase price, which will depend on the available eligibility, as well as the qualification, of the borrower.
Better has used its technology platform, Tinman, to fund more than $100 billion in mortgage volume since 2017. The platform allows its customers to see their rate options, get pre-approved, lock in rates, and close their loan in a short period of three weeks.
In January 2023, Better launched its “One-Day Mortgage” program, which allows eligible customers finish their transactions within 24 hours.
Have something to say about this story? Let us know in the comments below.
