VA Home Loan FAQ's

The Veteran’s Administration offers special loan programs for qualifying Veterans and active-duty military personnel. These programs are specifically designed to meet the unusual challenges military personnel and their families may face. Financing options with a VA home loan generally include favorable loan terms such as lower rates than other types of mortgages as well as 100% financing.

Who may qualify for a VA home loan?

VA home loan programs are offered to honorably discharged Veterans and active-duty service personnel. In addition there are VA loan programs available for Army Reservists and National Guard members who have completed six years of duty or have served in war time. VA home loans are also available to the surviving spouse of a Veteran who gave their life in the line of duty. As there are several different qualification requirements within these basic guidelines, we recommend discussing your individual situation with a qualified loan officer who can help determine what your individual benefit is.

You can also visit the Department of Veteran Affairs website for more information about eligability.

What else should I know about VA home loans?

There are many nuances of the VA benefit that are often overlooked or unknown to most Veterans and/or other lenders. It is very important that you do not assume there are circumstances that prohibit obtaining a VA loan without speaking with a loan officer who has had specialized experience with VA home loans. Many people do not know that it is possible to obtain VA financing even if you have had another VA loan in the past or that you can have more than one VA loan at a time as long as you intend to occupy the home you are financing as your primary residence.

How do I get started?

The best way to get started is to speak with an experienced loan officer who will help you determine your benefit and pull your Certificate of Eligibility. It is common that you will receive a very solid idea of what you qualify for and receive a pre-approval or refinance disclosures within a few hours. For more information about obtaining your Certificate of Eligibility, visit the Department of Veteran Affairs website.