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ARE YOU LOOKING TO PURCHASE

OR REFINANCE A HOME?

GET STARTED BY CALLING

(619) 536-1112

WHAT IS A VA LOAN?

VA Loans are home loans that are guaranteed by the United States Department of Veterans Affairs. They are only issued to qualified lenders and have many advantages over traditional home loans. VA Loans seek to make it easier for qualified veterans of the United States Military, or their surviving spouses, tofinance homes. Each year, the United States Department of Veterans Affairs helps countless numbers of qualified veterans get the keys to their dream homes!

ELIGIBILITY

In order to be eligible for a VA loan, you must meet the following service requirements:

  • 90 consecutive days of service during war time OR.
  • 181 consecutive days of service during peacetime OR.
  • 6 years of service in the Reserves or National Guard OR.

Spouses of veterans are also able to apply if they have not been remarried.

If you are determined to be eligible to obtain a VA loan, you must obtain a Certificate of Eligibility (COE). Once you obtain your COE, we can verify your eligibility and begin the process of getting you into your new home. If you have difficulty with this, do not hesitate to contact us, as we can help to start the process for you.

PROPERTY REQUIREMENTS

According to the United States Department of Veterans Affairs, VA home loans can be used to:

  • Buy a home or a condominium unit in a VA-approved project.
  • Build a home
  • Simultaneously purchase and improve a home
  • Improve a home by installing energy-related features or making energy efficient improvements.
  • Buy a manufactured home and/or lot.

ADVANTAGES

If you are determined to be eligible for a VA loan, there are many advantages over traditional home loans. Among them are:

  • No down payment (unless required by your lender)
  • Assumable mortgage
  • Ability to prepay
  • VA financial assistance in times of difficulty
  • No mortgage insurance premiums
  • Ability to finance the VA funding fee

If you are a veteran and think that you are eligible for a VA loan we can help you! Contact us today and get started with the process of getting the keys to your new home!

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