VA Home Loan
VA loans offer a number of benefits to make homeownership accessible to veterans, their spouses, and family.Get started today
What's my takeaway?
The VA mortgage is fully backed by the U.S. government and is one of the most attractive and flexible mortgages available to active-duty, reservists, and prior-service veterans. It offers up to 100% financing for homebuyers with sufficient entitlement to qualify and does not require monthly private mortgage insurance.
Flexible qualifying guidelines with lower credit score requirements
100% financing available, meaning no down payment is required
The VA allows sellers to assist with a percentage of closing costs
You can reuse your VA loan benefit
No monthly private mortgage insurance required
Have VA questions? We have answers.
The Veterans Administration (VA) loan program is funded by community mortgage companies but backed by the U.S. Department of Veteran Affairs. Borrowers are eligible for VA Loans if the property to be purchased will be owner-occupied and they are Veterans, active military personnel, the military reserve, the National Guard, or in some cases are a surviving spouse. It may be possible for a veteran to obtain a 100% loan up to the current loan limit with no down payment, and the seller or builder is allowed to pay all of the veteran's closing costs, making the total cash required to purchase, in some instances, zero. If the veteran desires a higher priced home, he or she is generally required to make a down payment on the amount exceeding the current guaranteed loan limit. Historically, the Veterans Administration was more liberal than conventional lenders with regard to the veteran's credit standing and qualifying for the VA loan, but recent changes to VA underwriting practices now make the qualifying criteria similar to conventional mortgages.
A down payment with an VA home loan is not required, meaning you can finance 100% of your loan amount. While you won't pay for monthly private mortgage insurance, VA loans require a Funding Fee which may be financed, so you should have minimal out-of-pocket closing expenses.
If you’re not sure if you can qualify for a VA mortgage, speaking to a Certainty Home Loans Loan Officer who specializes in VA financing is a great place to start. Get pre-qualified now to take full advantage of your well-deserved VA benefits.
If you’re not sure if you can qualify for a VA mortgage, speaking to a Certainty Home Loans Loan Officer who specializes in VA financing is a great place to start. Get pre-qualified now to take full advantage of your well-deserved VA benefits.
VA home loans are exclusively for qualifying active-duty service members, veterans, reserve members, National Guard members, and eligible surviving spouses. To qualify for a VA mortgage, you must have sufficient credit and income and a valid Certificate of Eligibility (COE). Read more about our available loan products here.
You may also be able to refinance your existing VA loan and obtain a lower interest rate with a VA Interest Rate Reduction Refinance Loan (IRRRL) or a cash-out refinance loan. Read more about refinance options.
You may also be able to refinance your existing VA loan and obtain a lower interest rate with a VA Interest Rate Reduction Refinance Loan (IRRRL) or a cash-out refinance loan. Read more about refinance options.