VA Loans

Because those who've served our country deserve a place to call their own.

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What are VA Loans?

A VA loan is a mortgage loan in the United States guaranteed by the Department of Veterans Affairs, available to eligible veterans and their surviving spouses. It offers significant benefits such as no down payment, no private mortgage insurance, and competitive interest rates. Additionally, VA loans can be reused, come with limited closing costs, and don’t require a prepayment penalty.

Are you looking to buy a primary residence as an eligible service member, veteran, or qualifying surviving spouse? A VA loan could help get you your home at a competitive interest rate with no money down.

VA Loan Requirements

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Minimum 580 Credit Score

A credit score of 580 is required, meaning you don't need perfect credit to get a VA Loan.

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Certificate of Eligibility (COE)

You'll need to obtain a COE to show lenders that you're a qualifying service member or surviving spouse.

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Debt-To-Income Ratio ≤ 60%

VA loans are more accessible than some other loans with a debt-to-income ratio of 60%.

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VA Funding Fee

A one-time fee paid to the Department of Veterans Affairs may vary depending on the size of your down payment.

Loan Benefits

No Down Payment

In most cases, a VA loan allows you to purchase your new home with no money down.

No Private Mortgage Insurance

VA loans don't require you to make monthly mortgage insurance payments.

100% Access to Home Equity

VA loans are the only loan that allows you to convert up to 100% of your equity into cash if you qualify.

Competitive Interest Rates

Compared to some other home loans, VA loans have more competitive interest rates.

Rate and Term Refinance Options

If you have an existing VA loan, you may be able to lower your rate or change your term with fewer documentation requirements and often, no appraisal is required.

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Derek is always a pleasure to work with. I’ve known him for several years now and anyone that I know of that is looking to purchase a property I always refer them to Derek. He takes the time to answer questions and really cares about his clients. It’s nice that he stayed in touch with us long after we’ve purchased our properties going through him and his team.

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