VA Loan
Let your service work for you.
Are you an eligible service member, veteran or qualifying surviving spouse looking to buy a primary residence?
A VA loan could get you into your new home at a competitive interest rate – typically with no money down.
VA Loan Requirements
1. 580 Median Credit Score
2. Certificate of Eligibility (COE)
2. Certificate of Eligibility (COE)
A 580 credit score requirement means you don’t need perfect credit to get a VA loan.
2. Certificate of Eligibility (COE)
2. Certificate of Eligibility (COE)
2. Certificate of Eligibility (COE)
You’ll need to obtain a COE to show lenders that you’re a qualifying service member or surviving spouse.
3. Debt-To-Income Ratio ≤ 60%
3. Debt-To-Income Ratio ≤ 60%
3. Debt-To-Income Ratio ≤ 60%
This debt-to-income (DTI) ratio makes VA loans more accessible than some other loan options.
4. VA Funding Fee
3. Debt-To-Income Ratio ≤ 60%
3. Debt-To-Income Ratio ≤ 60%
This one-time fee paid to the Department of Veterans Affairs may vary depending on the size of your down payment.
VA Loan Benefits
No Down Payment
In most cases, a VA loan allows you to purchase your new home with no money down.
Competitive Interest Rates
VA loans offer competitive interest rates, relative to some other home loan options.
No Private Mortgage Insurance
VA loans don’t require you to make monthly mortgage insurance payments
100% Access To Home Equity
A VA loan is the only loan that allows you to convert up to 100% of your equity into cash if you qualify.
Rate And Term Refinance Options
If you have an existing VA loan, you may be able to lower your rate or change your term with fewer documentation requirements. Often, no appraisal is required.
Check today's mortgage rates.
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