Are you an active military member, a veteran or a veteran’s surviving spouse? Do you want your loan application processed quickly, without any red tape? Are you interested in buying a home with no down payment? Do you want refinance up to 100% of your home value? If you have answered “yes” to any of the above questions, then a Veterans Affairs (VA) loan is the best option for you. Such loans can be availed, even with an unimpressive credit score and rating. Unlike other market loans, a VA loan is available as both fixed rate and ARM mortgage and does not include any monthly insurance (PMI).