VA Loans
We offer the best pricing for VA loans
VA Loan Eligibility
To qualify you must have a valid online Certificate of Eligibility (COE): You have served 90 consecutive days of active service during wartime, OR You have served 181 days of active service during peacetime, OR You have 6 years of service in the National Guard or Reserves, OR You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.
No Money Down Payment
VA loans do not require a down payment or private mortgage insurance. They feature competitive rates and terms and allow qualified borrowers to purchase a home with little to no money out of pocket.
1st Time Home Buyers
Homebuyers usually need at least a 5 percent down payment for a conventional loan or a 3.5 percent down for FHA financing. VA loans allow 1st time homebuyers to finance 100% of the purchase a home.
Debt to Income Ratio (DTI)
Some lenders allow a DTI ratio above 50 percent, even well above it, in some cases, depending on the strength of the borrower's overall credit and lending profile. In these cases, borrowers will get an up-close look at the link between DTI ratio and the VA's guideline for discretionary income, known as residual income.
Qualifying Credit Score
Set by the VA, there is no minimum credit score requirement. Instead, VA requires a lender to review the entire loan profile. However, credit scores over 580 is the minimum used by most lenders.
VA Loan Rates
A variety of factors influence VA loan rates, including: Credit score, Loan Type (purchase, IRRRL, cash-out, jumbo, etc.), Loan duration (15- or 30-year) and current market conditions