VA home loans are a benefit offered by the U.S. Department of Veterans Affairs that help veterans, active duty service members, and eligible surviving spouses become homeowners. VA home loans are guaranteed by the VA, which means lenders can offer some amazing benefits with these loans.
Eligible borrowers could potentially purchase a home with 0% down, which could save you thousands of dollars in upfront costs.
You could pay off your loan early without any extra fees or penalties, potentially saving you hundreds of dollars every month.
VA home loans typically offer lower interest rates than conventional mortgages, which could save you thousands over the life of your loan.
You’re not required to pay mortgage insurance when putting less than 20% down, potentially saving you hundreds of dollars every month.
Savings, if any, vary based on the consumer’s credit profile, interest rate availability, and other factors. Contact Guaranteed Rate for current rates. Restrictions apply.
VA home loans are guaranteed by the VA, which means lenders can offer veterans, servicemembers, and their families low low rates.
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VA home loans are guaranteed by the VA, which means lenders can offer veterans, servicemembers, and their families low low rates.
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This is not a commitment to lend. Consumers are advised to obtain a Loan Estimate. Rates are subject to change and are dependent on credit and underwriting criteria.
Your actual rate, payment and costs could be higher. Guaranteed Rate cannot predict where rates will be in the future. Sample rate provided for illustration purposes only and is not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate, its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
VA Home Loans offer some amazing benefits that every home buyer in the country would love to have access to, but it’s only available to veterans, service members, reservists, and surviving spouses. To apply, you just need to follow for simple steps.
Only lenders, like Guaranteed Rate, the company I work for have been approved by the U.S. Department of Veterans Affairs can help you secure a VA Home Loan.
Once you’ve found a VA-approved lender, they can check if you’re eligible for a VA Home Loan and help you secure your COE.
Once you have your COE, you’ll provide your lender with some basic information like income, employment history, and credit score to determine your loan amount.
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply.
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A VA loan is a type of mortgage loan specifically designed for eligible veterans and active-duty military personnel. VA loans are backed by the U.S. Department of Veterans Affairs and offer eligible borrowers a number of benefits, including no down payment requirements and lower closing costs.
Schedule Now!To be eligible for a VA loan, you must be a veteran, active-duty military personnel, or the surviving spouse of a veteran who died in the line of duty. You must also meet certain length-of-service requirements and meet certain credit and income criteria set by the VA.
Schedule Now!The main benefits of a VA loan include no down payment requirements, lower closing costs, flexible credit and income requirements, and the ability to finance up to 100% of the home's value. Additionally, VA loans offer competitive interest rates and do not require private mortgage insurance (PMI), which can help you save money on your monthly mortgage payments.
Schedule Now!The amount you can borrow with a VA loan depends on the value of the property and your financial circumstances. VA loans allow you to finance up to 100% of the home's value, including closing costs, and offer competitive interest rates that can help you save money on your monthly mortgage payments.
Schedule Now!To be approved for a VA loan, you must have a stable income, a credit score that meets the lender's guidelines, and enough money saved for closing costs and other upfront expenses. You must also provide proof of your military service, including your DD-214 form, and obtain a certificate of eligibility from the VA.
Schedule Now!The process for getting a VA loan typically involves pre-approval from a lender, finding a suitable property, and submitting a certificate of eligibility and other required documentation to the lender. The lender will then review your application and, if approved, provide you with a mortgage for the full amount of the home's value, including closing costs. You can then use the funds to purchase the property and start building equity.
Schedule Now!Getting approved for a VA loan begins with taking a look at your unique situation.
Getting approved for a VA loan begins with taking a look at your unique situation.