What is a VA Loan and who is eligible

Home loans backed by the Department of Veterans Affairs (VA) provide affordable home financing options for eligible Service Members, Veterans and surviving spouses.

VA Loan Eligibility

In order to be eligible for a VA loan, you must first obtain a valid Certificate of Eligibility (COE). Your COE is based on length of service or service commitment, duty status and character of service. 

Not sure if you are eligible, let me hook you up with a lender that can help you.

VA Loan Highlights

Since VA loans often require no down payment* with lower closing costs, you can help keep your savings secure. VA loans also feature:

  • No prepayment penalties
  • No private mortgage insurance (PMI)
  • 100% financing with full VA entitlement* 
  • Fixed- and adjustable-rate mortgages 
  • VA financing fees can be “rolled” into the loan amount
  • Variety of eligible property types, including townhomes and VA-approved condos

*A down payment is required if the borrower does not have full VA entitlement, or if the loan amount is greater than $424,100

What does this look like?

Did you know if you are using your VA Benefits to purchase a home, it could be less expensive than getting in to a rental️.

For example, a home $205,000 and with principal, interest, taxes, insurance AND HOA you are looking at an approximate monthly payment of $1158. 

Using your VA benefits to purchase a home?

Ask me about discounts from lenders, home inspectors and title companies.

Stationed at Luke AFB?

Come see me at the 4th of July event on base!