VA Loans

Want to take advantage of your military service?

A VA loan is one of the greatest benefits of military service available. To date, millions of people have used a VA loan to purchase a home. Although VA loans are guaranteed by the federal government, the VA doesn’t actually make the loan. That’s why it’s important for you to choose a lender who puts your best interests first. After all, you’ve always put the interests of others ahead of your own; isn’t it time someone returned the favor?

There are two primary benefits of a VA loan: the borrower typically doesn’t need to make a down payment (certain restrictions apply), and there are no private mortgage insurance (PMI) requirements.

Additional benefits, as listed on the VA website, include:

  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs may be paid by the seller.
  • The lender can’t charge you a penalty fee if you pay the loan off early.
  • VA may be able to provide you some assistance if you run into difficulty making payments.
  • You don’t have to be a first-time homebuyer.
  • You can reuse the benefit.
  • VA-backed loans are assumable, as long as the person assuming the loan qualifies.

Only the VA can determine your eligibility, but most members of the military, veterans, reservists and National Guard members are eligible to apply for a VA loan, while spouses of military members who died while on active duty or as a result of a service-connected disability may also apply.

For more information about VA loans, including complete eligibility requirements, contact us today.