VA Loans
Helping veterans come back
to a place that feels like home.
to a place that feels like home.
What is a VA home loan?
A VA home loan is a mortgage guaranteed by the United States Department of Veteran Affairs, designed to help military members move into the homes of their dreams.
What are some VA home loan benefits?
- No down payment for purchases
- No prepayment penalties
- Lower average interest rates
- No monthly mortgage insurance
- Limitations on buyer’s closing costs
- Cash-out loans
- Interest rate reduction loans
What are the current rates of a VA loan?
Interest rates on VA home loans change all the time based on market trends.
How do I qualify for VA home loan eligibility?
Qualifying for a VA loan takes more than military service. Although it’s definitely a base requirement, VA home loan requirements say you will need to have served the equivalent of one of the following terms:
- Honorable discharge after 90 days of active service during wartime
- Honorable discharge after 181 days of active service during peacetime
- Two-year requirement of service enlisted after 9/7/1980
- Six or more years of service in the National Guard or Reserves
