February 2016

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

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.
img 64 Get A Rate Free Rate Quote

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.

img 65 Need To Get Pre Approved Get A Rate

Was this article helpful?

Related posts
6 First Time Home Buyer Pitfalls To Avoid
May 2015
6 First Time Home Buyer Pitfalls To Avoid

We’re sure you’ve heard of the absolute HORROR stories from friends and family about their firs...

Buying a Home
Free Sign Up For Unest: A Home Buyer Course That Saves Thousands
April 2017
Free Sign Up For Unest: A Home Buyer Course That Saves Thousands

https://www.youtube.com/watch?v=RcrnMFYuUnc >>Access Code At End Of Blog<< We're so excit...

Buying a HomeFinancial Tips
Home Buyer Guide: Save Time & Money
January 2021
Home Buyer Guide: Save Time & Money

Buying a home is one of the biggest decisions of your life—no pressure! The good news is that doing your...

Buying a HomeTools
Top 7 Reasons To Buy A Home
February 2016
Top 7 Reasons To Buy A Home

The Spring Market is just around the corner and if you’re still on the fence about homeownership, here are ...

Buying a Home