As a benefit of your service, the Department of Veterans Affairs offers unique resources to help those with military experience purchase a home with a low or zero down payment. VA Loans offer flexible options as either Fixed Rate or Adjustable Rate mortgages.
What is a VA Loan?
A VA loan is a mortgage loan program offered by the U.S. Department of Veterans Affairs (VA) to help eligible veterans, active-duty service members, and their surviving spouses buy, build, repair, retain, or refinance homes.
The VA guarantees a portion of the loan, which is issued through a private lender like a bank, credit union, or mortgage company. This guaranty makes the borrower a more attractive buyer to the lender, which can result in more favorable terms.
Benefits over traditional loans, including:
- No down payment
- No private mortgage insurance (PMI)
- Competitive interest rates
What is required for a VA Loan?
In addition to many of the same documents required for other loan types, VA loan eligibility will need to be confirmed.
To be eligible, you generally need to have served:
- 90 consecutive days on active duty during wartime
- 181 consecutive days on active duty during peacetime
- 6 years in the Guard or Reserve
- 90 days under Title 32 orders, with at least 30 of those days served consecutively
Eligibility is confirmed by obtaining a Certificate of Eligibility (COE). This can be obtained by any approved VA Lender or online here.
How VA Loans Work
- Purchase your home with as little as 0% down payment.
- 30-, 25-, 20- and 15-year terms are all available with fixed rates.
- 5-year adjustable rate mortgage available.
- Jumbo loans available.
- VA Streamline Refinance with a reduced funding fee and flexible documentation requirements – available for veterans currently in VA loans.
- No monthly PMI (Private Mortgage Insurance).
- Governed by the U.S. Department of Veterans Affairs.
- Pay your mortgage off at any time without pre-payment penalties.
Where are they available?
Available anywhere in the states we operate in. Our dedicated teams of local mortgage brokers are ready to help you find the home loan that best suits your needs.
- VA Loan Georgia
- VA Loan Alabama
- VA Loan Florida
- VA Loan North Carolina
- VA Loan South Carolina
Ready to get started?
If you are interested in learning more about VA loans, we are here to answer all of your questions. We will walk through the numbers and the process, from application to closing.
Complete our Quote Request below or call us at 404-303-7411 to take the first step.
Get started today!
Fill out the questionnaire on this page to start a discussion about your mortgage needs today!
