Financial Health Check
The best place to start is by assessing your home purchasing power. Assess your current finances, improve your overall financial health, and to ensure that that have the best credit score and debt-to-income-ratio (DTI) possible. This will ensure that you'll be approved for your VA Loans and gain access to your mortgage with the best rates possible.
Veterans' Affairs (VA) Home Loans assist military Servicemembers, Veterans, and eligible surviving spouses with becoming homeowners. VA programs help Veterans and their families buy, build, repair, retain, and adapt a home for their specific needs.
VA Home Loans are guaranteed by the United States Department of Veterans Affairs (VA), and provided by lenders. VA guarantees a portion of the loan, enabling the lender to provide you with favorable terms.
No down payment required *
Competitively low interest rates
Limited & discounted closing costs
No need for Private Mortgage Insurance (PMI)
The VA home loan is a lifetime benefit: you can use the VA guaranty multiple times
What is a VA Home Loan?
Main Principles of the VA Home Loan Benefit
(*Note: Lenders may require downpayments for some borrowers using the VA home loan guaranty, but VA does not require a downpayment)