VA Loans

VA Loans: Exclusive Home Financing for Veterans & Active Duty Service Members

A VA loan is a government-backed mortgage designed specifically for veterans, active-duty service members, and eligible military spouses. Backed by the U.S. Department of Veterans Affairs (VA), these loans offer exceptional benefits, including zero down payment and no private mortgage insurance (PMI)—making homeownership more affordable for those who have served our country.

Key Benefits of VA Loans:

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$0 Down Payment

– No need for a large upfront payment to buy a home.

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No PMI (Private Mortgage Insurance)

– Unlike FHA or conventional loans, VA loans do not require mortgage insurance, saving you money each month.

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Competitive Interest Rates

– VA loans typically have lower interest rates compared to other loan types.

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Flexible Credit Requirements

– More lenient than conventional loans; no minimum credit score required by the VA (lender guidelines may apply).

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No Loan Limits for Most Buyers

– As of 2020, qualified borrowers with full VA entitlement are not restricted by VA loan limits.

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Assumable Loan Option

– Future buyers may be able to take over your VA loan, possibly at a lower interest rate.

Who Qualifies for a VA Loan?

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Active-duty service members, veterans, or eligible surviving spouses.

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Minimum service requirements

(90 days active duty during wartime, 181 days during peacetime, or 6 years in the National Guard/Reserves).

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Valid Certificate of Eligibility (COE)

– Confirms VA loan benefits.

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Satisfactory credit & income to meet lender guidelines.

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Must use the home as a primary residence

– No second homes or investment properties.

VA Loan Types:

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VA Purchase Loan

– Helps veterans and service members buy a home with no down payment.

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VA IRRRL (Streamline Refinance)

– A simplified refinance option for existing VA loan holders.

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VA Energy Efficient Mortgage (EEM)

– Includes funds for energy-efficient home improvements.

VA loans offer one of the best home financing options available, rewarding our nation’s heroes with affordable homeownership opportunities. If you’re eligible, let’s get started on your path to homeownership today!