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VA Loans
A VA loan is a mortgage option, guaranteed by the Department of Veterans Affairs, for Veterans who meet the VA's guidelines for military service. VA loans offer low upfront costs for Service Members, Veterans, and eligible surviving spouses.
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No down payment required (unless the purchase price exceeds the reasonable value of the property)
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No monthly mortgage insurance (PMI)
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Gift funds allowed
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No cash reserve requirements
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Seller pays for any required repairs & can pay for closing costs
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No pre-payment penalty
*To determine your eligibility to participate in this program, just provide your Certificate of Eligibility (COE) or your Discharge/Separation form (DD214). If you do not have your COE, you can request one using form 26-1880.
580 Min FICO
VA Funding Fee - The veteran pays a funding fee to help defray costs of the VA Home Loan program.
VA Funding Fee may be rolled into the loan amount