What is a VA loan?
A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty service members, and some surviving spouses. It's a benefit you earned through service. VA loans typically allow zero down payment and no monthly mortgage insurance, which can make buying far more affordable than other options.
Who qualifies for a VA loan?
Eligibility generally comes from qualifying military service: veterans, active-duty members, certain National Guard and Reserve members, and some surviving spouses. You'll need a Certificate of Eligibility, which I help you obtain. Beyond service, lenders still review your credit, income, and the property. I'll confirm your eligibility and walk you through every step.
What are the benefits of a VA loan?
The big ones: often zero down payment, no monthly private mortgage insurance, and competitive terms. There are also limits on certain closing costs and no prepayment penalty. These benefits can save you real money every month and make homeownership reachable sooner. My job is making sure you use every benefit you earned, not leave any on the table.
What credit score do most lenders want for a VA loan?
The VA itself doesn't set a minimum score, but most lenders look for something around 620 or higher. Because I work with many lenders, I can shop your file to find one whose guidelines fit your situation. If your credit needs work, I'll tell you straight and help you build a realistic plan to get there.
Can I use a VA loan more than once?
Yes. Your VA loan benefit is not a one-time deal. You can use it again, and in some cases have more than one VA loan at a time, depending on your remaining entitlement. Once you sell and pay off a prior VA loan, entitlement can often be restored. I'll review your entitlement and explain your options clearly.
VA vs FHA vs conventional for veterans: which is better?
For most eligible veterans, a VA loan is hard to beat thanks to zero down and no monthly mortgage insurance. FHA and conventional can still make sense in specific situations, like certain condos or unique properties. The right answer depends on your numbers and goals. As your loan officer, I compare all three honestly and recommend what truly fits you.