The VA Advantage
The VA (Veterans Administration) Home Loan program is the most powerful home loan program on the market for many veterans, service members, and military families. These government-backed loans come with significant benefits that open the doors of home ownership to veterans who need help obtaining financing.
Qualifying veterans can finance the purchase of a primary residence, either existing or pre-construction, or refinance an
existing loan. You don’t have to be a first-time home buyer to qualify, and you can reuse the benefit.
Saving money and building credit can be difficult for service members who are constantly on the move. Generous VA Home Loans offer a number of money-saving features:
- Financing up to $453,100
- No down payment requirement
- Up to 100% financing of the property value
- No monthly private mortgage insurance premiums
- Limited closing costs
- Seller contributions of up to 4% of purchase price
- Seller-paid closing costs options
- 620 minimum credit score requirement
- One-time funding fee (waived for disabled veterans)
- No pre-payment penalty
- Minimal property requirements
Who is Eligible?
Generally, veterans who meet length of service requirements, service members on active duty who have served a minimum period, certain Reservists and National Guard members, and certain surviving spouses of deceased veterans.
You will need a VA Home Loans Certificate of Eligibility from the Veterans Administration to apply, which we can request for you. They may be able to provide assistance if you run into difficulty making payments. VA-backed loans are assumable as long as the person assuming the loan qualifies.
Speak to Your Local
Mortgage Loan Officer To Apply