What type of home loan are you interested in?

HOME PURCHASE

Jumbo Loan Qualification Requirements (VA and non-VA)

HOME REFINANCE

Refinancing Expertise and Guidance

HOME EQUITY

Thinking of remodeling or investment?

REVERSE MORTGAGE

Borrow money from equity for retirement

All information is secure and will not be sold.

Veterans Interested in Homeownership Have an Amazing Mortgage Opportunity with VA Home Loans

You might be shocked to read it, but 88 percent of America’s 24 million veterans are not utilizing their incredible VA home loan benefits. That number is staggering, and it clearly means that a significant majority of service members don't think they qualify for a VA loan or aren't sure how to pursue one.

This means that over 21 million veterans who have served our country are missing out on the opportunity to become homeowners, build equity in a piece of real estate, and create generational wealth for their families. We’re here to help educate veterans on their eligibility and options, so if you’re a current or ex-military member, this article’s for you. Thank you for your service.

APPLY NOW

What is a VA Home Loan?

A VA Home Loan is just like any other mortgage, except that it’s partially guaranteed by the VA itself and is exclusively offered to active, reserve, or retired military veterans. Their financial backing opens doors for veterans to secure mortgages with more favorable terms compared to civilian banks. These loans are increasing in popularity with buyers who want a zero-down payment option (cha-ching!), low-interest rates, and reduced closing costs.

Standard VA Loans are offered in a 30-year format, but depending on preferred terms and eligibility, some buyers elect to go with a 25, 20, or 15-year mortgage instead. The VA offers these adjusted loan terms to provide members of the military, active or retired, long-term stability and the ability to build equity in their homes at whichever pace makes the most sense for their unique situation

How do I know if I’m eligible?

Of course, every buyer’s approval requirements differ, but there are a handful of criteria that you can keep in mind if you’re considering submitting an application for a VA Home Loan.

The US Department of Veteran Affairs doesn’t require a down payment or a minimum credit score to become eligible for a VA loan. However, it’s important to keep in mind that if you’re in a bit of hot water with your credit score (sub-550), you may need to get a little bit creative for an easy approval process. Psst…that’s where we come in!

*Not sure if a VA loan is right for you, but interested in learning more about other fixed-rate mortgages? Check out our recent blog here.