A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA). The VA loan was created to offer financing to eligible veterans and their surviving spouses with no down payment.


  • No down payment required
  • Reduced or no funding fee for qualifying disabled veterans
  • No private mortgage insurance (PMI) allowed
  • Less restrictive qualification guidelines
  • Streamline refinance loan programs available
  • Access to low VA mortgage rates
  • Does not allow for extraneous loan charges


  • One-time funding fee (which can be financed into the loan)
  • Sellers may be hesitant to sell to a buyer using a VA loan
  • Strict appraisal process making “as is” sales more difficult
  • Must be current or ex-military personnel to qualify (Certificate of Eligibility required)
  • Complex loan process as compared to other mortgage types

Who is Eligible for a VA Loan?

    • Veterans
    • Active Duty Personnel
    • Current or Former Reservists/National Guard members
    • Some surviving spouses

What are the Benefits of a VA Loan?

    • Purchase a home at a competitive interest rate often without requiring a down payment or private mortgage insurance, which gives you more savings.
    • Cash Out Refinance options allow you to take out cash out of your home equity to take care of concerns like paying off debt, funding school, or making home improvements.
    • If you have a service-related disability, you may qualify for waived funding fee, reducing closing costs.
    • Borrowers can often refinance to a lower rate within the VA program without requalifying for the program.
    • You can reuse the benefit.

You’ve earned the right to home loan savings! Call 888-223-5363 or fill out the form to get started now.