VA Loan Benefits. You’ve served us now it’s our turn to serve you.

So why are VA loans on our top 3 list?  Well, VA Home Loans are guaranteed by the U.S. Department of Veterans Affairs (VA) for eligible American Veterans or their surviving spouses.

VA Home Loan programs are designed to help Veterans with:

1.     Home financing when private funding is not available.
2.     Purchasing properties with Zero down payment.
3.     Refinancing up to 100% of the loan value.
4.     Qualifying for amazingly low interest rates.
5.     No Private Mortgage insurance.
6.     Lower Credit and Income qualification ratios.

Here are the different VA Loan types:

VA Home Purchases
A great option for veterans who are looking to purchase a home as their primary residence.   Plus you don’t have to be a 1st Time Homebuyer to receive the following benefits:

• No down payment required – as long as the sales price doesn’t exceed the appraised value
• No private mortgage insurance premium requirement
• The Seller may pay closing costs

VA Cash-Out Refinance Loans
Can be used to refinance a non-VA Loan into a VA Loan.  Also, VA will guaranty loans up to 100% of your home value.  Homeowners can take cash out of their home equity to:

• Pay off debt
• Lower interest rates
• Reduce monthly payments
• Make home improvements & more

Minimum requirements are:

• A 580 and above FICO Credit Score
• Certificate of Eligibility (COE) from Veterans Affairs
• Income and Service Requirements

Who qualifies for a VA Loan?
Veterans and active duty service members, including those in the Reserve and National Guard.

For further details on required documents for eligibility, visit the Veteran Affairs Home Loan Eligibility page.