Features of our VA Home Loans:
- 100% financing available with no down payment*
- Government-backed, so no private mortgage insurance required
- Competitive rates, a greater degree of safety, and optimal flexibility
- Easier qualification requirements compared to other home loans
- Financing for veterans, active service members, and select military spouses
*Closing costs and fees may still apply.
Eligibility for a VA Loan
With a VA loan, the borrower must be a qualifying active duty member of the U.S. military, veteran, or surviving spouse. A Certificate of Eligibility (COE) is required.
You might be eligible if:
- You served 90+ days active duty during wartime
- You served 180+ days active duty during peacetime
- You were not dishonorably discharged
- You are currently active duty
- You are the surviving spouse of a veteran who died during service or because of service-related injuries and are not remarried
VA Loan Document Checklist
- Copy of canceled earnest money check (if you are under contract)
- Copy of last two months of LES pay statements
- Paycheck stubs for previous 30 days (for any non-military co-borrowers)
- Tax returns from the past two years (all schedules and all pages)
- W2s from the past two years
- Copy of current "Service Statement" (obtain from base personnel or online)
- Copy of any asset statements (IRA, 401, TSP, Money Market) (all pages)
- Checking and savings bank account statements for the past two months (all pages)
- Copy of driver's license (all borrowers)
- Copy of Social Security card or passport (all borrowers)
- Copy of divorce decree (if applicable)
- Copy of bankruptcy paperwork (if applicable)
*VA home loan purchases, have options for 0% down payment, No private mortgage Insurance requirements, competitive interest rates, with specific qualification requirements. VA Interest rate reduction loans (IRRRL) are only for Veterans who currently have a VA loan, current loan rate restrictions apply, and limits to recoupment of costs and fees apply. VA Cash-out Refinances are available for Veterans with or without current VA loans. Policies and guidelines may vary and are subject to the individual borrower(s) qualification. Program and Lender overlays apply.