Of the five programs on this network, VA asks the least of a qualified buyer and gives the most. No down payment for most eligible borrowers, no monthly mortgage insurance, and guidelines written by an agency whose job is to get service members into homes rather than to price risk.
Talk to a Loan OfficerThe catch is not in the loan. It is that a lot of eligible people never check whether they are eligible. Guard and Reserve service counts. Surviving spouses often qualify. It costs you one conversation to find out.
The three things that matter most here.
Active duty, veterans, and many National Guard and Reserve members who meet service requirements, plus certain surviving spouses. Eligibility is confirmed by a Certificate of Eligibility, which we can request on your behalf.
Occupancy — VA loans are for homes you live in, not investment property. A workable debt picture. And a property that meets VA's minimum property requirements, which the appraisal checks.
Against every other program, when you qualify. The absence of both a down payment and monthly mortgage insurance is a combination no other program offers.
Straight answers, no sales language.
For buyers with full entitlement, VA no longer caps the loan amount the way it once did, though the lender still qualifies you normally. With partial entitlement the picture changes, so it is worth checking yours.
A one-time fee that funds the program, expressed as a percentage of the loan and usually financed rather than paid at the table. Veterans receiving compensation for a service-connected disability are commonly exempt.
Up to four units is possible if you occupy one of them. It is a genuinely good strategy for some buyers and we are happy to walk through it.
In this market, comparable to any other loan. The old idea that VA is slow does not match what we see.
A conversation costs nothing and carries no obligation. Tell us your situation and we will tell you plainly what your options are.
Start the ConversationOr call 843-998-5045