Buying a home for the holidays, and hoping for a bargain? Learn the pros and cons of buying a home during the winter months.

We welcome veterans, active-duty military personnel and their families

Why choose a VA Loan?

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:

90 days of consecutive service during wartime, or
181 days of service during peacetime, or
6 years of service in the National Guard or reserves
Or are surviving spouse of a veteran

For more information: https://www.benefits.va.gov/homeloans/

VA mortgage calculator

VA Mortgage

Rate

Monthly Payment

30 Year Fixed VA

15 Year Fixed VA

VA loan limits

For single-family homes, standard limits on VA mortgage loans are $806,500 in most areas of the country and as high as $1,209,750 in certain high-cost areas. However, veterans with full entitlement and no active loans or previous defaults can have no limits on how much they can borrow.

Get VA mortgage rates

State

Loan Purpose

Loan Amount

Property value

Loan Type

Credit Rating

Note: Your loan amount is greater than the value of the property, a condition known as being "underwater".

Frequently asked questions

There are three ways you can restore your VA eligibility so that you can take advantage of it more than once.

Veterans have been lured into refinancing their VA-backed loans multiple times with promises of savings that never materialize.

The answer is "probably not," or at least "not directly or immediately."

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...

Can you use private-sector retirement income and savings to help qualify for a VA-backed mortgage?

Here is an excerpt from the VA's guidelines your lender must follow.