Are you a veteran or active-duty servicemember? You can enjoy exclusive military benefits with a VA loan! These loans are offered by the Department of Veterans Affairs (VA) to help servicemembers, veterans, and eligible surviving spouses buy homes. A VA loan offers less restrictive credit guidelines and low down payment options for you and your family.
What are the VA loan requirements?
You may qualify for a VA loan if:
You’re an active-duty military member or veteran who meets length-of-service requirements
You’re an un-remarried spouse of a veteran who died while in service or from a service-connected disability
You're a spouse of a servicemember missing in action or a prisoner of war
You're a surviving spouse in receipt of Dependency and Indemnity Compensation (DIC) benefits in cases where the Veteran's death was not service-connected
You have not defaulted on a home loan in the past year
You have not declared bankruptcy within the last two years
You have satisfactory credit, sufficient income, and a valid Certificate of Eligibility (COE)
The home is for your own personal occupancy
VA loan features:
No down payment required
Up to 100% financing
No monthly PMI (Private Mortgage Insurance)
More lenient credit restrictions
Credit scores from 620 and up
Seller concessions allowed up to 4%
Competitive interest rates
0% Funding fee for VA disability
Variety of loan terms available
Refinance an existing VA-guaranteed or direct loan for the purpose of a lower interest rate
Why choose EverLEND Mortgage for your VA loan?
We’re experts with deep experience in underwriting, processing, and closing on VA loans. Let our professionals guide you through the experience!
This is not a commitment to make a loan, nor should it be construed as lending advice. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over life of loan. Reduction in payments may reflect longer loan term. Terms of the loan may be subject to payment of points and fees by the applicant. EverLEND Mortgage Company is an Equal Housing Lender NMLS# 1100621.