Yes, there are loans for veterans. VALoans.com, for instance, is the biggest and the most reliable personal loans for veterans lender in the USA. This resource provides comprehensive guides, calculators and insight pertaining to veteran loans, veteran loan refinance and veteran ARM loans.
Generally, veteran loan lenders provide a federally guaranteed home with no down payment but nowadays it’s possible to apply for personal loans for veterans.
The main advantages of this kind of the loan are no private mortgage insurance, competitive mortgage rates, and flexible requirements.
The personal requirements for VA loans are:
- 90 days spent during war time;
- 6 years spent in the National Guard or Reserves or 181 days during peacetime.
The spouses, namely widows of militaries killed during performing the duties, also can qualify for VA loans.
Speaking of the personal loans for veterans with bad credit, they exist. Most of the federal financial institutions offer this option but the potential borrowers should accept non-beneficial loan terms.
For the personal loans for disabled veterans with bad credit, it’s better to apply to the local federal financial agency of bank or look for the offer online.