VA Loans

VA loans are a benefit available to active-duty military members, veterans, and their surviving spouses and immediate families.

VA loans are partially guaranteed by the U.S. Veterans Administration. Therefore, lenders are able to offer better terms and easier qualification standards. Some of the lowest down payment standards in the lending industry are available as part of VA financing. The VA aims to help supply housing to veterans in rural areas where financing can be difficult to find. In some cases, the seller is eligible to pay for all borrower closing costs.

Qualification is subject to a valid Certificate of Eshutterstock_129747671ligibility, which includes minimum service requirements provided by the VA. Financing is limited to the purchase or refinance of the borrower’s owner-occupied primary residence. Benefit entitlement may be restored if the previous VA loan is sold and paid off in full.

Since the VA home loan program doesn’t require a down payment or private mortgage insurance, borrowers should be prepared to pay the VA funding fee. Although a one time payment, the funding fee may be financed into the overall amount and paid off throughout the life of the loan.


Benefits of a VA Loan

  • Minimum down payments available
  • Zero down payment offered to disabled veterans
  • No Private Mortgage Insurance necessary
  • No seller closing cost limitations
  • Basic allowance for housing eligible for loan payments
  • VA funding fee can be financed into the loan amount for reduced up-front costs
  • Benefits are reusable
  • No early payoff penalties

More Info

Contact Us today if you would like to discuss VA Loan Products further or if you have any inquiries about our product offerings. If you do not have any questions and are ready to submit your information for a loan decision, please Apply Now.

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