VA Loans

The United States Department of Veterans Affairs established the VA mortgage loan program to help veterans and their families obtain home financing. VA loans offer up to 100% financing on the home’s value.

Why a VA Loan?

A VA Loan is issued by a private lender and guaranteed by The Department of Veterans Affairs. They establish the rules for those who may qualify, dictate the terms of the mortgages offered and insure VA loans against default. Due to the backing from the VA, it reduces the risk to the bank, and as a result, the bank can grant these loans more easily with no down payment.

VA Loan Highlights

  • Must have a valid certificate of eligibility from the VA
  • Home must be the primary residence
  • Low to no down payment
  • VA may charge an upfront funding fee, but no other mortgage insurance required

Back to Products