Turning Your Sacrifice Into Security. VA Loans For Veterans
Compare VA, Conventional, and FHA Loans
Loan Basics
Upfront & Ongoing Costs
Eligibility & Best Use
| Feature | VA Loan | Conventional | FHA Loan |
|---|---|---|---|
| Down Payment | $0 | 3% – 20% | 3.5% |
| PMI Required | No | Yes if <20% down | Yes |
| Loan Limits | No cap (with full entitlement) | $766,550* | $498,257* |
"Navigating the VA Loan Process"
Frequently Asked Questions
What is a VA loan and who qualifies?
A VA loan is a mortgage option available to eligible veterans, active-duty service members, and certain members of the National Guard and Reserves. It offers benefits like no down payment and competitive interest rates.
Do I need a perfect credit score to qualify?
No, VA loans are more flexible than conventional loans regarding credit scores. While better scores help, many veterans with less-than-perfect credit still qualify.
What documents will I need to apply?
Typically, you'll need proof of service (DD214), income verification, credit report, and identification documents. A full checklist is provided below.
Are there any fees I should be aware of?
VA loans usually have a funding fee, which varies depending on your service history and down payment amount. This fee can often be financed into the loan.
Can I use a VA loan more than once?
Yes, you can use your VA loan benefit multiple times, but you must meet eligibility requirements and have enough entitlement available.
Document Checklist for VA Loan Application
- Certificate of Eligibility (COE) or DD214 form
- Valid government-issued photo ID (Driver's License, Passport)
- Recent pay stubs (last 30 days)
- W-2 forms or tax returns (last 2 years)
- Bank statements (last 2-3 months)
- Proof of additional income (if applicable)
- Credit report authorization
- Purchase agreement (if buying a home)
- Homeowners insurance information
- Other relevant financial documents as requested
VETERANS, it's time to explore your benefits! Get Started Now with our VA loan specialists! 🇺🇸