VA Loans

What is a VA loan?

The US Government's VA loan program helps veterans, active-duty service members and their families qualify for a home loan. Made by lenders and backed by the US Department of Veterans Affairs, VA loans feature no down payment in most cases or private mortgage insurance (PMI) requirements.

Are you qualified for a VA home loan?

We are proud to help our Service Members and Veterans achieve the American Dream of home ownership. A VA loan is available for qualified homebuyers who are a service member or surviving spouse with a clean financial record. Begin by asking yourself these four questions to determine your status:

• Are you a current or ex-military personnel?
• Are you the surviving spouse of a current or ex-military personnel?
• Have you defaulted on a loan within the last 12 months?
• Have you declared bankruptcy within the last two years?

To be eligible, you must serve for 90 or more days in wartime or 181 or more days in peacetime. In both cases, the stipulation is waived if you are discharged due to a service-related disability. Reserves and National Guard soldiers must serve for at least 6 years to be eligible.

Spouses of deceased service members are eligible for VA loan benefits, provided they have not remarried and that the deceased either:

• Died in service or from a service-related disability.
• Was missing in action or a prisoner of war for at least 90 days.
• Was rated totally disabled and was eligible for disability compensation at the time of death.

Children of deceased veterans are not eligible for VA loan benefits.