Free Rate Quote

VA Home Loans

Unlock Your Homeownership Dreams with VA Home Loans

The VA Home Loan program is a powerful benefit provided to veterans, active duty service members, and eligible surviving spouses. It offers an opportunity to achieve homeownership with favorable terms, including no down payment and competitive interest rates. Learn how you can take advantage of this benefit to secure your dream home.

Download your FREE VA Home Loan Purchase Guide here!

Download Now

VA Home Loan Overview

A comprehensive look at VA Home Loan benefits, eligibility, and application process.

Eligibility Requirements for VA Home Loans

  • Active duty members with over 90 continuous days of service.

  • Veterans with a discharge other than dishonorable.

  • National Guard and Reserve members with honorable service.

  • Certain eligible spouses of veterans.

Top Benefits of VA Home Loans

No Down Payment

Enjoy purchasing a home without a down payment, making homeownership more accessible to veterans and their families.

Flexible Credit Requirements

Qualify for a home loan with lenient credit score requirements, making it easier for veterans with varying credit histories to purchase a home.

High Loan Limits

Take advantage of high loan limits, allowing you to finance homes in high-cost areas without the need for a large down payment.

Competitive Interest Rates

Benefit from competitive interest rates, ensuring you have a lower monthly payment compared to conventional loan options.

No Private Mortgage Insurance

Save money each month as VA Home Loans do not require private mortgage insurance, reducing your overall housing costs.

Closing Cost Assistance

Benefit from the option to roll certain closing costs into the loan, reducing your upfront expenses when purchasing a home.

Want to Speak with a VA Home Loan Expert?

A free loan evaluation to see what loan rates you qualify for.

Free Rate Quote

The VA Home Loan Buying Process

Step-by-Step Guide to Homeownership with a VA Loan

Navigating the VA Home Loan process can seem daunting, but breaking it down into manageable steps makes it more approachable and straightforward. Understanding each phase of the journey will empower you to make informed decisions and move confidently toward homeownership. Here’s a comprehensive guide to the VA Home Loan buying process, from pre-approval to getting the keys to your new home.

Pre-Approval
Provide necessary income and asset documents to get pre-approved by a VA Home Loan Specialist.
Get Started
1
Home Search
Find a licensed real estate professional to search for VA-approved homes.
2
Offer and Contract
Work with your real estate professional to make an offer. If accepted, enter into a contract with the seller.
3
Loan Application
Start the VA Home Loan application process.
4
Loan Estimate
Lender issues a Loan Estimate within three business days.
5
Inspection and Appraisal
Get a home inspection and a VA appraisal. Your lender will coordinate these appointments with your Realtor.
6
Conditional Approval
Provide any additional documentation requested by the lender.
7
Final Approval and Closing
Final approval is issued, followed by closing disclosure and loan documents. The lender funds the loan, and you get your keys!
8
Free Rate Quote

Honest words from happy clients.

Jon D.
Read More
"Our experience with using the VA Loan to buy our home was fantastic! The team was incredibly helpful and made the process seamless. We felt supported and well-informed throughout. Highly recommend!"
Sarah T.
Read More
"Buying our home with a VA Loan was a breeze thanks to this amazing team. They walked us through every step, ensuring we understood all our options. We couldn’t be happier with our new home!"
Michael R..
Read More
"Corry made the VA Loan process simple and stress-free. Their expertise and patience were evident from start to finish. We are grateful for their support and guidance in buying our dream home."
Jessica H.
Read More
"Using my VA Loan to buy a home was an incredible experience. The team provided exceptional service, answered all my questions, and made sure everything went smoothly. I highly recommend them!"
David M.
Read More
"Our home buying journey was made easy and enjoyable with the VA Loan service provided here. The attention to detail and personalized support were outstanding. Thank you for helping us find our perfect home!"
Emily S.
Read More
"As a veteran, I couldn’t have asked for a better experience using my VA Loan to buy a home. The process was straightforward, and the team was professional and caring. Highly recommend their services!"
Robert K.
Read More
"From start to finish, the team made the VA Loan process a breeze. Their knowledge and dedication ensured we got the best deal possible on our new home. We are extremely satisfied with their service."
Linda P.
Read More
"The assistance we received in using our VA Loan to buy a home was top-notch. The team was always available to answer questions and guide us through the process. We are thrilled with our new home!"
William B.
Read More
"Buying a home with a VA Loan was made easy by this amazing team. Their expertise and dedication were evident every step of the way. We felt confident and well-cared-for throughout the process."

Common Myths About VA Home Loans

The VA Loan Program was established in 1944, and since then, many myths or incorrect information have circulated and been passed down. It is time to debunk these myths and explain the correct process and features of the VA Home Loan. Below are the seven most common misconceptions regarding VA Home Loans.

Simply not the case. VA Loans have a high allowable debt-to-income level, and the underwriter can manually approve a loan if it makes sense. VA Home Loans also have forgiving credit score and history requirements, allowing for as low as a 550 credit score for some lenders. VA deems credit repaired if the borrower has 12 most recent months of on-time payments.

Currently, there are no limits set by the VA on loan amounts with no money down for Veterans. Some lenders, like The Veterans Mortgage Source, can offer up to $2,000,000 with no money down for Veterans with clear VA Home Loan Entitlement.

Working with experienced VA Home Loan Purchase Lenders allows for the same turnaround times as conventional and FHA loans. VA loans also have a higher chance of actually closing because of the higher debt-to-income ratios and flexible underwriting, reducing the chance of costly calculation mistakes.

You can use your VA loan as long as you have remaining entitlement and/or have paid off your existing VA Home Loan. You can buy a house, sell it, then get your eligibility back to reuse it. Additionally, if you pay off your house or refinance it with a different loan option, you will receive a one-time entitlement restoration option to reuse your certificate.

The appraiser on a VA Home Loan provides a fair and unbiased value on the home regardless of the financing type. They ensure the property meets standard minimum property requirements to be safe and sound for you to buy. While unpermitted areas are not allowed, exceptions can be made if a licensed contractor verifies that the area appears to be built to code.

There are closing costs on VA Home Loans, just like any other type of residential loan. However, there are fees that cannot be charged to the borrower, which may differ from other products. Additionally, it is common in most states to offer higher interest rates that yield lender credits back for the borrower’s closing costs.

Free Rate Quote

FREE Download

VA Home Loan Purchase Guide

We feel that everyone who has served our country deserves the knowledge and understanding to become a homeowner, and we will strive to achieve this one person or family at a time.

Free VA Loan Guide
Free Rate Quote