VA Home Loans

Program Overview

The Department of Veteran Affairs (VA) helps service members, Veterans, and eligible surviving spouses become homeowners.  As part of the VA’s mission to serve you, the VA provides a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.

Today, the VA home loan program is more important than ever to service members. In recent years, lenders nationwide have tightened their lending requirements in the wake of the housing market collapse, making the VA Loan a lifeline for military borrowers – many of whom find difficulty when faced with tough credit standards and down payment requirements.

Saving money and building credit can be difficult for service members who are constantly on the move. With the VA Loan, qualified borrowers can finance 100 percent of the home’s value!

Additional Benefits & Features

  • Competitive interest rates
  • No private mortgage insurance
  • Ability to finance the upfront VA funding fee (some veterans may be eligible for funding fee waiver)
  • VA mortgages are assumable
  • VA sets strict limits on the fees that can be charged by a lender

Through dedicated service to our country, military service members and veterans qualify for a range of benefits earned through their service. Chief among those benefits is an opportunity to take part in the VA Loan program.

While the VA Loan is designed specifically for those who served, there are a handful of requirements. In order to qualify for a VA Loan there are specific service conditions each borrower must meet.  You may be eligible for a VA Loan if you meet one or more of the following conditions:

  • You have served 90 consecutive days of service during wartime OR
  • You have served 181 days of services during peacetime OR
  • You have more than 6 years of service in the National Guard or Reserves OR
  • You are the spouse of a service member who died in the line of duty or as a result of a service-related disability

VA Certificate of Eligibility (COE)

All recipients of a VA Loan must first obtain a Certificate of Eligibility (COE), a formal document that explains what VA entitlement you possess, through the Department of Veterans Affairs.  Not to worry, however, I can help you secure your COE, usually within a matter of minutes. You do not need your Certificate of Eligibility in hand to start the loan process.

VA Loan applicants may also obtain their Certificate of Eligibility themselves by filling out a Certificate of Eligibility Request Form (VA Form 261880).  The form can be downloaded through the Veterans Administrations site and mailed directly to the VA.

Additional Eligibility Requirements

Although the VA determines the guidelines for those who are eligible for the VA Loan benefit, private lenders who finance the home purchases have an additional set of criteria a potential borrower must satisfy, including debt, income and credit requirements.

When you apply for a VA Loan, the lender will require that we pull your credit score from the three leading credit agencies, as well as examine your debt-to-income ratio.

Finally, a veteran applying for a VA Loan must not have been discharged under dishonorable conditions.

Have Additional Questions?

If you have additional questions about getting mortgage help, we are available 24/7 to answer any questions you have about the VA Loan program. Give us a call at (920) 623-4902.

We can will help you understand your options, design a plan to suit your individual situation and prepare your application.


Get Pre-Approved Today!