Loan Programs: VA

VA Mortgages are home loans that are made by private lenders and guaranteed by the Department of Veterans Affairs (VA). VA loans are designed to help and honor our veterans by offering 100% financing with a maximum guaranteed loan amount of $424,100.

About Home Loans

VA helps Service members, Veterans, and eligible surviving spouses become homeowners. The Department of Veterans Affairs (VA) provides a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.

VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.


Purchase Loans help you purchase a home at a competitive interest rate often without requiring a down payment or private mortgage insurance.

Other Resources: many states offer resources to Veterans, including property tax reductions to certain Veterans. Please check with your county tax office to be sure you are getting any and all benefits you are entitled.

Eligibility Requirements

Your length of service or service commitment, duty status and character of service determine your eligibility for specific home loan benefits.

Purchase Loans and Cash-Out Refinance: VA-guaranteed loans are available for homes for your occupancy or a spouse and/or dependent (for active duty service members). To be eligible, you must have satisfactory credit, sufficient income to meet the expected monthly obligations, and a valid Certificate of Eligibility (COE).

Interest Rate Reduction Refinance Loan (IRRRL): The IRRRL is a “VA to VA” loan, meaning it can only be done if you have an existing VA guaranteed loan on the property. The IRRRL is generally performed to lower the interest and reduce the monthly payment on the existing VA guaranteed loan. IT IS ALWAYS A GOOD IDEA TO EXPLORE ALL OPTIONS WHEN REFINANCING – VA IS NOT ALWAYS THE BEST DEAL FOR YOU.

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