Helping active-duty service members, Veterans, and eligible surviving spouses become homeowners.
VA loans are offered to help active-duty service members, Veterans, and eligible surviving spouses to become homeowners. VA loans are backed by the U.S. Department of Veterans Affairs, but issued by private lenders.
Benefits of the VA Loan
Qualified borrowers can obtain a VA loan regardless of whether or not they currently have one.
VA rates are competitive to similar FHA and conventional programs.
No down payment
No money down is available for qualified borrowers.
No private mortgage insurance required
Pay no monthly mortgage insurance premiums (PMI).
You may qualify if:
Military service members, veterans, Reservists and National Guard that meeting length-of-service requirements and certain surviving spouses are eligible to apply.
You meet the lender’s requirements for credit and income.