Additional Information
Why Choose a VA Loan?
- No Down Payment Required – Buy a home with 0% down in most cases.
- No Private Mortgage Insurance (PMI) – Save hundreds each month compared to FHA or conventional loans with less than 20% down.
- Competitive Interest Rates – Often lower than conventional loan rates.
- Flexible Credit Guidelines – More forgiving approval standards for veterans and service members.
- Limits on Closing Costs – VA rules protect borrowers from excessive fees.
- Assumable Loan Option – If you sell, the buyer can assume your VA loan (potentially at a lower rate).
Who Can Get a VA Loan?
You may be eligible if you meet at least one of the following:
- Served 90 consecutive days of active service during wartime.
- Served 181 days of active service during peacetime.
- Served more than 6 years in the National Guard or Reserves.
- Are the surviving spouse of a service member who died in the line of duty or from a service-related disability.
Eligibility is verified through a Certificate of Eligibility (COE), which I can help you obtain.
VA Loan Requirements in 2025
- Eligibility: Must meet VA service requirements.
- Credit Score: Many lenders require 580–620+, but VA itself has no set minimum.
- Debt-to-Income Ratio: Generally under 41% (exceptions allowed with compensating factors).
- Primary Residence: VA loans are for primary homes only — no second homes or investment properties.
- Funding Fee: A one-time fee (can be financed into the loan) unless you’re exempt due to a VA disability rating.
Is a VA Loan Right for You?
If you’ve served our country, a VA loan is one of the most powerful benefits you have earned. With no down payment, no PMI, and flexible qualification guidelines, it’s designed to make homeownership more affordable and accessible for our nation’s heroes.
