Better Home & Finance Holding Company (NASDAQ: BETR), a leading digital homeownership company, today launches Better Mortgage VA Loans, a fully digital VA loan program available to eligible US Veterans, service members, National Guard and Reserve members, and in some cases Veterans spouses are able to qualify in all 50 states.
This offering allows qualified Veterans to secure a home loan for up to 100% of their purchase price with no down payment requirement, improving the homeownership experience for individuals who served their country. With Better Mortgage, Veterans can leverage a fully digital platform to achieve their homeownership dreams faster and easier than the traditional mortgage process.
“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. 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,” said Vishal Garg, Founder & CEO of Better.
Better’s VA loan will have no minimum down payment requirement for qualified borrowers, opening the door for aspiring Veteran homebuyers that may have previously been priced out. Veterans can use a Better VA Loan to purchase a primary residence and will allow them to borrow up to 100% of the purchase price (dependent on available eligibility and borrower qualification).
The launch of their fully digital VA Loan is the latest example of Better’s continued commitment to investing in technology and automation. VA Loans are fully underwritten to the investor criteria set forth by Better’s investors and the VA.