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VA Home Loan

The legacy of the original GI Bill of 1944 continues to this day in the unmatched mortgage terms that are available with the backing of the Department of Veterans Affairs.

Get Rewarded for Your Service

For active duty service members, veterans, and eligible spouses, a VA-guaranteed loan is the best option.

You’ve dedicated some of the best years of your life to this country and made your share of sacrifices. To honor your commitment, the U.S. Department of Veterans Affairs offers an unparalleled mortgage program to help you buy, build, or refinance a home.

Let Uncle Sam Insure Your Mortgage

With VA backing, you can get a mortgage with no down payment, no private mortgage insurance, and a competitive interest rate.

The Department of Veterans Affairs will guarantee loans up to 100% of the value of your home, whether you are purchasing a new home or extracting equity through cash-out refinancing. Loanwise complies with all VA rules for mortgages by limiting closing costs and never including prepayment penalties in mortgage terms.

Is a VA Loan right for you?

Speak with one of our experienced senior loan officers today about buying or refinancing a home.

Choosing the Right Loan

Scenario

James spent so much time on deployments overseas during his career in the U.S. Army that after his retirement he was more than happy to buy a house and settle down on American soil for good. The constant movement of military life had made it difficult for him to save for a down payment, but thanks to the VA loan program, he only had to worry about documenting his income, checking his credit history and having enough cash on hand to cover closing costs — no down payment required.

Eligibility Requirements

There are several ways to qualify for the VA loan program:

  • Active Duty Service Members:

    At least 90 days of service

  • Veterans:
  • At least 90 days of active duty service during wartime or

    At least 181 days of active duty service during peacetime

  • National Guards and Reserve Members:

    At least 6 years of service

  • Surviving Spouses:
  • Unremarried spouse of a veteran who died during service or from a service-related disability or

    Unremarried spouse of a service member missing in action or a prisoner of war

Eligible borrowers can even apply for another VA loan once their first one is paid in full.

Individuals who served with certain military-related organizations may also be eligible. Contact a dedicated Loanwise specialist for full details.