Explore the VA home loan eligibility requirements and find out if you qualify for a low-rate Veterans' loan from NewDay USA. NewDay USA’s VA zero down loans let qualified veterans take out a mortgage and purchase a home without a down payment and at a low rate. NewDay USA is a VA-approved mortgage lender, which provides financial solutions to U.S. Veteran homeowners and their families. Led by a retired Navy Rear Admiral, they’re proud to have distinguished Veterans on their board of advisors and management team. Today we’ll review NewDay USA, a mortgage lender that is geared specifically toward veterans and active duty military. Like other mortgage companies, they offer both home purchase loans and refinance loans, but only those backed by the United States Department of Veterans Affairs (VA) and the Federal Housing Administration (FHA). The CFPB is ordering NewDay USA to pay a $2.25 million civil penalty to the CFPB’s victims relief fund. “NewDay USA baited veterans and military families into cash-out refinance mortgages by hiding the true costs of these loans,” said CFPB Director Rohit Chopra.
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