VA Loans

What are VA Loans?

VA loans are a type of mortgage offered to eligible service members, veterans, and their families through the U.S. Department of Veterans Affairs (VA). These loans are known for their incredible benefits, including:

• No down payment required (in most cases)
• No private mortgage insurance (PMI)
• Competitive interest rates
• Flexible credit score requirements

VA loans are funded by private lenders but backed by the VA, reducing risk for lenders and offering better terms for borrowers.

Who Qualifies for a VA Loan?

To qualify for a VA loan, you must meet at least one of the following criteria:

1. Service Requirements

• Served 90 consecutive days of active duty during wartime, OR
• Served 181 consecutive days of active duty during peacetime, OR
• Completed 6 years of service in the National Guard or Reserves.

2. Spouses:

• Surviving spouses of veterans who died in the line of duty or from service-related injuries may also qualify.

3. Certificate of Eligibility (COE):

• You’ll need a COE to prove your eligibility. This can be obtained online through the VA portal, through your lender, or via mail.

Why Choose a VA Loan? 

VA loans are one of the best mortgage options available for veterans and service members. Here’s why they stand out:

• Save Thousands: No down payment and no PMI mean huge upfront savings.
• Easier Approval: More flexible credit and income requirements make it easier to qualify.
• Support for Your Service: This loan program is a well-deserved benefit for your sacrifice and commitment.