VA home loans benefit veterans, service members and surviving spouses. These loans allow you to buy or refinance with the following advantages:
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No down payment options
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Borrow up to 100% of the home’s value with a cash out refinance
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Rate and term refinance options
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No private mortgage insurance (PMI) requirement
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Lower interest rates than traditional mortgages
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Higher debt-to-income ratios accepted
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Reduced fees as compared to traditional mortgages
What is a VA home loan?
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A VA home loan has a portion of the loan balance guaranteed by the U.S. Department of Veterans Affairs (VA). Veterans who qualify may find homeownership more accessible through VA-backed loans than other financing programs.
With no down payment, flexible income and lenient credit requirements, the VA home loan is a great tool to help our military members find a place to call home.
What are the VA home loan requirements?
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If you served in the Armed Forces, you must meet one of the following to qualify:
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Certificate of Eligibility (COE) will be required to determine eligibility and VA funding fee
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For service members: You meet the minimum active-duty service requirement if you’ve served for at least 90 continuous days (without a break in service). For Veterans, National Guard members and Reserve members: You meet the minimum active duty service requirement depending on when you served.
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We’re here to serve your most important beginnings
VA home loans open the door to homeownership by eliminating the need to spend years saving for a down payment or building a good credit history. Our loan officers will find the VA home loan that fits your life. Whether you’re interested in a starter home, an investment property or a place to renovate and make your own, we’re here to help you at every step.
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If you’re interested in learning the next steps, please fill out our contact form to get in touch with a loan officer. We’ll be happy to answer any questions regarding VA home loans, requirements and eligibility.
All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.