Better.com Opens To VA Loans

Better.com wants to do for VA loans what it's done for conventional loans and that's go all digital, along with a one-day approval letter. 

For the first time, veterans will have access to a completely digital platform that streamlines and expedites the path to homeownership, making it more affordable and efficient than the traditional mortgage process.

Vishal Garg, the founder and CEO of Better, said the loans will require 0% down payments and will be 40 basis points cheaper than a traditional VA loan. 

"We finally were able to train our system with all the rules and logic required to do VA loans," Garg said. "Qualifying for a one-day mortgage on a better platform." 

Garg said traditionally VA loans take longer to close, but their new digital system can shorten that process. 

"Our service members and veterans will actually be able to compete with cash buyers," Garg said. 

One of the other features of Better's VA loan is eliminating a minimum down payment requirement. 

Veterans eligible for Better VA Loans can secure financing for a primary residence, enabling them to borrow up to 100% of the purchase price, subject to available eligibility and borrower qualification criteria.

For detailed eligibility requirements, applicants can refer to VA.gov. To apply for Better's VA Loan program, visit www.better.com/va-loan.