A VA home loan is only offered to individuals that have actively served in armed service in the US. Another precondition is that the home must be purchased for the veteran himself to reside in (with his family).
What is a closing cost? Closing costs is the amount that you pay when you close a loan. Most people look at it as an unreasonable fee. Depending on the amount of loan you are taking from the mortgage lender, the closing cost can vary and also it depends on the tenure or the period of loan taken.
