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Mortgage Loans

Get to Know the VA Home Loan Program

Do you know an active-duty home buyer? Or perhaps a veteran, a reservist, or a surviving spouse of a veteran?

These individuals need a mortgage product that puts homeownership within grasp, and we have a government program that provides exactly what they need.
 
A VA home loan, insured by the Department of Veteran Affairs, opens a door to the American dream for those who selflessly serve our country. They fearlessly serve the U.S., and it’s our time to serve them!  Branches of the military eligible for this loan include the Air Force, Army, Coast Guard, Marines, National Guard, and Navy.  
 
A VA home loan is unique because it’s one of a few programs that doesn’t require a down payment or mortgage insurance, and it allows 100% financing up to the conforming loan limit (as long as the home buyer has full entitlement). This limit varies by county but typically ranges from $453,100 to $679,650. 

Key VA Program Details

  • While there’s no down payment, there are closing costs, for which buyers are responsible.
  • Large account deposits - anything that doesn’t seem like a typical payroll deposit - must be documented or explained.  
  • Gift funds may be used to pay closing costs once we confirm the source of these funds.

VA Credit Requirements

If any of your eligible buyers are concerned about their credit history, they’ll be happy to know that the VA has flexible credit requirements. Non-traditional forms of credit - utilities, rent, phone bills, insurance payments, etc. - can be considered for anyone who doesn’t have a credit history, and credit scores as low as 580 are acceptable.

Let’s Serve Our Veterans – Together

Let’s work together to serve those who serve our country and re-affirm why we’re better together.