VA Loans
What is a VA Loan?
VA Loans are loans made by private lenders to eligible veterans. What makes VA loans so special is that the VA insures each of these loans. As a result, the veteran is given an excellent loan with favorable terms while the lender takes on no additional risk.
Who is Eligible for a VA Loan?
A veteran is eligible for VA benefits if he or she served on active duty in the Army, Navy, Air Force, Marines, or Coast Guard and was discharged under any conditions other than dishonorable. Reservists are also eligible as long as they have served for at least six years.
VA Loan Highlights:
- Up to 100% financing.
- Lower FICO Score requirements.
- VA allows the seller to credit you up to 6% of the purchase price for closing costs.
- VA loans can be used for both purchases and re-finances.
- No Mortgage Insurance requirement.
- You do not have to be a first-time-homebuyer to apply.
Information Request
If you would like more information about VA loans or to see if you qualify, please complete the information request form below.
