We welcome veterans, active-duty military personnel and their families.
This page contains all you need to know about VA loans:
Advantages of VA loans
No money down
VA loans are available at a 0% down payment
Competitive interest rates
VA mortgage rates are among the lowest on the market
Easier to qualify
Since VA loans are guaranteed by the government, lenders are able to offer attractive terms
Am I eligible?
According to the VA, “Your length of service or service commitment, duty status and character of service determine your eligibility for specific home loan benefits". VA mortgage borrowers must have good credit, income sufficient to cover the cost of their monthly mortgage payments and a "Certificate of Eligibility."
The first step in establishing your eligibility is to complete VA Form 26-1880, “Request for a Certificate of Eligibility." This form can be completed online, printed and mailed, or you can apply through a VA mortgage lender. For more information on eligibility, click here.
You qualify for a VA loan if you have or are:
- 90 days of consecutive service during wartime, or
- 6 years of service in the National Guard or reserves
- 181 days of service during peacetime, or
- A surviving spouses
For more information: http://www.benefits.va.gov/homeloans/
Frequently asked questions
How many times can I use my VA home loan?
Once the loan has been paid in full, there are no restrictions on the use of the paid-off property -- it can be turned into a rental property or second home, for example. However, the new property purchased with the VA-backed loan has to meet occupancy and other requirements.
Is a bankruptcy preventing my VA eligibility?
In your case, it most likely is to make certain that the appropriate time has elapsed since the discharge of your bankruptcy and that your former mortgage debt was properly included in your filing. You will also have needed to re-establish appropriate credit and more.
Can I use a VA mortgage to purchase investment properties?
The answer is "probably not," or at least "not directly or immediately."
I’m in the National Guard, am I eligible for VA benefits?
Yes. National Guard and Reserve members may qualify for a VA home loan. According to VA.gov, National Guard and Reserve members must meet one of the following conditions...
Additional information about VA loans
Fortunately for veterans, VA mortgages can often be refinanced quickly, easily and inexpensively
States have developed homebuyer-assistance programs specifically designed for veterans.
One slight drawback of securing a VA loan is that borrowers often have to pay a fee, known as the “VA Funding Fee.” Here are five facts you need to know about the VA Funding Fee and how it works.
If you're in a VA mortgage and finding it increasingly difficult (or impossible) to make your mortgage payments, you'll need to take action if you want to keep your home from falling into foreclosure.
Save time – we will help match you with up to three VA-approved lenders.
Get up to $424,100 and NO PMI
for qualified borrowers