The VA Home Loan program allows veterans with qualifying income and credit to purchase a primary residence without putting any money down towards the sale price of the home. We're here to make your home buying journey a great one.

VA LOAN RATES

National Averages for New Home Loans
April 16, 2014

30 YEAR FIXED

0.000 points
4.125% / 4.209% APR

15 YEAR FIXED

0.000 points
3.250% / 3.396% APR

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- Veteran Documents -

Certificate of Eligibility
and DD-214

GET A VA HOME LOAN

LOAN PURPOSE

VA Loans

A VA Mortgage for the Home You Buy

Buying a home is one of the biggest and most important decisions you will ever make. We understand that and want to make the process as easy as possible. Whether you are a first-time homebuyer or are experienced with the process, we're here to make your home buying journey a great one.

Since 1944, when home loan guarantees were part of the original GI Bill, the VA has guaranteed over One Trillion dollars. On October 26, 2012, the Department of Veterans Affairs announced it has guaranteed 20 million home loans since its home loan program was established.

The VA Home Loan program allows veterans with qualifying income and credit to purchase a primary residence without putting any money down towards the sale price of the home, as long as that sale price does not exceed the appraised value of the home. Veterans do need money towards closing costs as well as earnest money, which the seller generally requires when a sales contract is signed. Closing costs may be paid by the seller, which can be negotiated when the sale price of the home is set.

Just Follow These Simple Steps

  • Use the Debt to Income Ratios to figure out how much you can afford to pay for a home.
  • Get pre-approved on your home loan. Knowing that your mortgage loan and credit report are already approved will let you look for your new home with confidence. Also, a pre-approval lets the seller know that your offer is solid and that you're a serious buyer.

If 100% financing isn't enough, there are even more benefits to applying for your VA home loans for veterans who are ready to purchase a home:

  • VA home loans are assumable, provided the person assuming the loan is qualified.
  • Veterans' closing costs are limited by VA, making sure you won't be asked to pay more than a fair price for closing costs.
  • You have the VA behind you offering additional assistance if you ever find you are having problems making your home loan payments, at any time in the future.
  • Veterans can prepay their VA Home Loans without a penalty.

VA LOAN ARTICLES

Read About Veteran Mortgage News, Updates, and Guidelines
Do VA Loans Require Flood Insurance?

Some borrowers want to know whether there’s a requirement for hazard insurance with VA home loans. A quick look at VA loan rules covering the hazard insurance issue, reveals a requirement for the lender to insure the home is protected.

VA Loans for Dependent Children of Veterans?

VA loans are generally for only the veteran, veteran and spouse together, or the surviving spouse of a veteran under certain circumstances. Some non-veterans are allowed to apply.

Is Hazard Insurance Required for Suburban Homes?

Hazard insurance issues for suburban homes may differ from those of condos and townhomes, but one thing common to all hazard insurance policies is the issue of who receives the insurance payout if a claim on the insurance is necessary.

Are There Title Restrictions on VA Loans?

VA loans are assumable. The owner can allow another person to assume responsibility for the loan with the participation of the lender, and there should be no restrictions on the owner’s ability to sell the home.

The Good Neighbor Next Door Program

There are many types of VA home loans available for qualified borrowers, but there are some programs that accept VA loans that aren't as well known. One is known as the Good Neighbor Next Door program.