VA Loan Benefits
- Veterans Administration guarantee
- VA Home Loan with no down payment (100% financing)
- Money saved on mortgage insurance
- Low VA Loan Rates
- Never a pre-payment penalty
- Financial counseling from the VA in case of temporary financial difficulties
- More information in the VA Home Loan Guide
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Search for Your File
If you've applied for a VA Loan or other government loan program previously, much your information may already be on file with our department.
Locate your file here: File Lookup
Bulletins
- Survivors Fast-Tracked for Stop-Loss Pay [Source: Military.Com] Read more
- OBAMA ADMINISTRATION ANNOUNCES CONFERENCE ON HOUSING FINANCE REFORM
[Source: HUD] Read more
More Bulletins
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VA Mortgage FAQ's
How are VA rates determined?
The VA does not set the rates on any home loans. VA mortgage rates, like most mortgage interest rates, change often. The VA and FHA loan interest rates typically move up and down along with conventional loan rates, and borrowers can expect VA home loan rates to be close ... View FAQ
How does a prior bankruptcy affect my ability to qualify for a VA loan?
In the case of a prior bankruptcy, the VA guidelines are specific. If a borrower has filed Chapter 7, then he or she cannot qualify for a VA loan for at least two years after the discharge date of the bankruptcy. The borrower will need to explain the ... View FAQ
Other Veteran Loan Questions | Ask a Question
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Featured Special Topics
Acceptable Uses for VA Loans
Many eligible VA loan borrowers understand that veterans’ mortgages can be used to buy homes. In fact, there are many acceptable uses for VA home loans. Under the VA guidelines, a VA-guaranteed loan may be used to:
• Purchase a home
• Purchase a VA-approved townhouse
• Purchase a VA-approved condominium
• Buy a custom home
• Make home improvements, repairs or alterations with a refinance
• Get cash out of equity to make “green” upgrades
• Refinance an existing loan (VA or otherwise)
• Reduce interest rate and/or monthly payments of ... Read More
Restoring VA Loan Entitlement
One of the most common myths about VA Loans is that once used, the benefit can never be used again. This is simply untrue. VA entitlement can be restored and used again and again. In fact, VA borrowers can use VA home loans as many times as they want, as long as they have entitlement. Entitlement is what determines military mortgage eligibility for veterans qualified to receive VA benefits.
In some cases, entitlement may need to ... Read More
Other Special Topics
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