A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs (VA) and is available to eligible veterans, active duty service members, reservists, and some surviving spouses. VA loans offer benefits such as no down payment, no private mortgage insurance (PMI), and competitive interest rates.

VA loans are available to:

• Veterans who have met the length-of-service requirements

• Active duty service members

• Reservists or National Guard members

• Eligible surviving spouses

• To check your eligibility, you can request a Certificate of Eligibility (COE) from the VA, or we can help you obtain one.

No! One of the major benefits of a VA loan is that no down payment is required, allowing you to finance 100% of the home’s purchase price.

No, VA loans do not require PMI, even if you make no down payment. This can save you hundreds of dollars a year compared to other loan programs that do require PMI.

The VA does not set a minimum credit score. If you’re struggling with your credit or are unsure of your score there may be some flexibility depending on your overall financial picture. Reach out to us and our team will be happy to go over your individual scenario with you.

Yes, you can! With a VA Interest Rate Reduction Refinance Loan (IRRRL), you can refinance your current VA loan to a lower interest rate with minimal paperwork and no need for a new appraisal. You can also use a VA Cash-Out Refinance to access your home’s equity.

No, VA loans are only available for primary residences. You must live in the home you are purchasing with a VA loan. However, you can buy a multifamily property (up to 4 units), as long as you live in one of the units.

While VA loans don’t require PMI, there is a VA funding fee. This fee helps the VA keep the program running. The amount varies depending on the size of your down payment and whether you’ve used a VA loan before, but certain borrowers (like those with a service-related disability) may be exempt.

The first step is to get pre-approved! We can help you check your eligibility and guide you through the VA loan process. Contact us today or click the Apply Now button on this page to start your pre-approval.