What is a VA loan?
A VA mortgage is fully backed by the U.S. government and is one of the
most attractive and flexible mortgages available.
It was specifically designed to honor our Veterans and active-duty
military personnel and assist them with getting into a home of their
A VA loan offers up to 100% financing for borrowers with sufficient
entitlement to qualify. It also has more lenient credit and qualifying
guidelines compared to Conventional mortgages. Even better, a VA
mortgage does not require monthly private mortgage insurance, which
could result in hundreds of dollars in savings annually.
Can I qualify for a VA home loan?
VA home loans are available exclusively to qualifying active-duty
service members, veterans, reserve members, National Guard members, and
eligible surviving spouses. To qualify for a VA loan, you must have
sufficient credit and income and a valid Certificate of Eligibility
(COE). Get pre-qualified now to get the process started!
If you are unsure if you meet these requirements, be sure to check with
your local Loan Officer. They’ll be able to look at your specific
situation and help you figure out if you can qualify for VA financing.
You can also Refinance your existing VA loan and obtain a lower rate
with a VA Interest Rate Reduction Refinance Loan (IRRRL) or a cash-out
How much is the down payment for a VA mortgage?
One of the most appealing benefits of a VA mortgage is that, in most
cases, a down payment is not required. That means you can finance up to
100% of the loan as long as the amount is at or under the local
Not sure if you qualify for a VA home loan or if you meet the guidelines
to buy a home with no down payment? Contact your local Loan Officer to
get pre-qualified today and discover how to take full advantage of your
much-deserved VA benefits.