VA Loans, also called Department of Veterans Affairs home loans, are available to veterans, active service members, National Guard, reservists, and spouses.
Whether you're starting out with your first home or looking to save money by refinancing your current mortgage, our expert loan officers can help you sort through the process and take advantage of your military benefits.
All VA Loans are backed by the U.S. Government through a VA Entitlement. This Entitlement makes it easier for you to qualify for a loan because it represents the amount that the government would pay to the lender if you default - it's like government-sponsored loan insurance that you get automatically for dedicating your service to our country. You can use it for refinancing your current mortgage or purchasing a new home.
Not having a VA Loan means that you're giving up the benefits you've earned through your military service. With today's record-low rates, you're also most likely paying more than you should be for your monthly loan payment. If you already have a VA Loan through another lender, refinancing into a lower-rate loan is simple and fast.
Plus, VA Loans feature near record-low rates, no mortgage insurance requirement, no pre-payment penalties, and relaxed qualification standards (you may qualify with a less-than-perfect credit score!).