Savings for our Veterans
No Down Payment
VA loans offer 100% financing, allowing eligible buyers to purchase a home with no down payment, reducing upfront costs.
Flexible Credit Guidelines
VA loans are designed for borrowers with moderate credit, and approval is based on overall financial strength rather than strict credit score minimums.
No PMI Required
VA loans do not require private mortgage insurance, helping keep monthly payments lower compared to other low-down-payment loan options.
Competitive Interest Rates
VA loans often feature lower interest rates than conventional loans, helping reduce both monthly payments and long-term interest costs.
frequently asked questions
Yes. VA loans offer refinancing options, including the VA Interest Rate Reduction Refinance Loan (IRRRL), which may allow eligible borrowers to lower their rate with minimal documentation.
VA loans are intended for primary residences, meaning the home you live in full time. Eligible properties include single-family homes, certain manufactured homes, and multi-unit properties with up to four units, as long as you occupy one unit as your primary residence.
VA loans generally can’t be used for second homes or investment-only properties, but a loan expert can help review your options and confirm eligibility.
No. VA loans do not require PMI or monthly mortgage insurance, which can significantly reduce monthly payments compared to FHA or conventional loans.
VA loans are available to qualified veterans, active-duty service members, National Guard or Reserve members, and some surviving spouses who meet service requirements.
Yes. VA loans offer 100% financing, allowing eligible borrowers to buy a home with no money down in most cases.
The VA does not set a minimum credit score, but many lenders look for scores in the 600–620 range, depending on financial profile and lender guidelines. You may qualify for a VA loan with Homestead Financial Mortgage with a score as low as 580.
