Home Loans

An exclusive option for active-duty military personnel, veterans and their families

What Is a VA Loan?

A VA loan is a type of mortgage backed by the U.S. Department of Veterans Affairs. VA loans are compliant loans that include many features like little to no down payment, no private mortgage insurance (PMI) requirements, and practical rates. It's available to current service members, veterans and eligible surviving spouses, and offers advantages such as:

• No down payment required
• VA loan options may be able to be reused
• No private mortgage insurance (PMI)
• Mortgage loan may be refinanced

VA Loans enable the lender to provide you with more promising terms. With regular loans many lenders will require you to pay for private mortgage insurance unless you can afford to put 20% down on a home. VA loans may qualify for no down payment and may qualify for no private mortgage insurance. With competitive rates and terms and qualified borrowers are eligible to purchase a home with little to no money out of pocket.

We are committed to serving our nations veterans and providing them with a quick and easy VA financing experience.

VA Home Loan:

• Equal opportunity for all qualified Veterans to obtain a VA loan
• Reusable
• May Qualify for No down payment (unless required by the lender or the purchase price is more than the reasonable value of the property)
• May Qualify for No mortgage insurance
• *Veterans receiving VA disability compensation are exempt from the VA funding fee
• VA limits certain closing costs a Veteran can pay
• May be assumed by qualified persons
• Minimum property requirements to ensure the property is safe, sanitary, and sound
• VA staff dedicated to assisting Veterans who become delinquent on their loan

VA Home Loans may be used to:

• Buy a home, a condominium unit in a VA-approved project
• Build a home
• Simultaneously purchase and improve a home
• Improve a home by installing energy-related features or making energy efficient improvements
• To refinance an existing VA-guaranteed or direct loan for a lower interest rate
• To refinance an existing mortgage loan or other indebtedness secured by a lien of record on a residence owned and occupied by the veteran as a home