VA Loans

Providing VA Loans for Those Who Serve

VA loans are designed for veterans, active-duty military members, and their families, offering 100% financing with no down payment. Backed by the U.S. Department of Veterans Affairs, VA loans provide more favorable terms than conventional loans, making homeownership more accessible for those who serve.

Key Benefits

100% financing with no down payment.
No mortgage insurance required.
Lower interest rates and more flexible credit requirements.
No early payment penalty.

Assistance from the VA if payment difficulties arise.

Who It’s For

Active-duty military, veterans, and eligible family members.
Surviving spouses of deceased veterans or active-duty military.
Individuals with a qualifying Certificate of Eligibility (COE).

Pros and Cons

Pros:

No down payment required: Eligible borrowers can finance 100% of the home’s value.
No mortgage insurance: VA loans don’t require private mortgage insurance (PMI), saving money.
Lower interest rates: VA loans typically offer competitive rates compared to conventional loans.
Flexible credit requirements: Easier to qualify for compared to conventional loans.
Assistance in financial hardship: The VA can provide help if you struggle with payments.

Cons:

VA funding fee: A fee is required, though some veterans are exempt.
Primary residence only: VA loans are not available for vacation or investment properties.
Property requirements: The home must meet certain conditions and be appraised by VA standards.