VA loans
First, let us say: Thank you for your service!
VA Loans offer 100% financing up to $806,500 in most of the United States, with no down payment for military personnel and veterans. Many aren’t aware that VA buyers can secure loans above this limit, with a small down payment depending on your eligibility. We’d love to help you navigate the home buying process and ensure that you are utilizing the benefits available to you as a Veteran or Active Duty Military member.
Who qualifies for a VA Loan?
- Veterans
- Active-duty service members.
- Reservists & National Guard who have served or currently serve on active duty.
What benefits are there to VA Loans?
- 100% Financing for purchase or refinance*
- 30-year fixed-rate or adjustable-rate loans.
- You may qualify for a VA loan with less than perfect credit.
- Available to veterans & with a larger down payment, a veteran can obtain a VA loan with a non-spouse.
- No monthly mortgage premiums
- Larger loans sizes available in “High Cost” Counties in the US.
What Property Types Qualify for VA Loans?
- 1-4 Family residential properties. [and while you can purchase with no money down, there are some reserve requirements]
- Approved condos.
- Townhomes
Farm residences are ineligible for VA loans; however, there is no maximum acreage for property and funds can be applied to home construction.
What's the Minimum and Maximum Amount A Person Can Borrow?
- The maximum VA loan can be higher with full eligibility. In 2019, the Blue Water Act was passed which allows for a higher loan amount for Veterans with full entitlement.
Do VA Loans Take Longer To Close Than Other Loan Programs?
- Our Teams can close the amount of any loan in 30 to 35 days with the buyer engaging with us. VA loans are a simple loan to originate and close.