A VA mortgage is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders.
The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry)

• A VA Mortgage offers Competitive rates
• A 100% loan to value for purchase
• 90% loan to value for cash out refinances
• No mortgage insurance premiums required
• Backed by the United States Veteran’s Administration
• No cost pre-approval
• Seller’s concessions up to 4%
• Available on owner occupied properties

How can you become eligibility for a VA Mortgage?

• Step 1. Go to https://vip.vba.va.gov
• Step 2. Complete the user registration
• Step 3. Once you have received your registration notice, sign on to the Veterans Information Portal to obtain your Certificate of Eligibility.
• Step 4. Contact a local loan officer of a VA approved Bank to start your application.

Veterans have to provide the following documents to a local loan officer:

• Copies of your W2 statements for the past two years, so your gross household income can be confirmed,
• Copies of your previous two pay stubs,
• Documentation of other assets (checking accounts, savings accounts, financial investments, trust funds, etc.),
• If self-employed, two years of consecutive tax returns will be required.
• The Veteran also needs to supply their DD 214 or Certificate of Guarantee

For details on a VA Mortgage visit the United States Department of Veterans Affairs 

Once you have fulfilled all requirements and have a Pre-Qual letter from your lending institution you are ready to start looking a place to call home

Properties subject to a VA Mortgage have to fulfill certain guidelines, download “Minimum Property Requirements” directly from HUD

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