VA loans are a more affordable option for qualified veterans, service members and their spouses to take advantage of.
A VA loan is backed, or guaranteed, by the Department of Veterans Affairs. As a certified servicer we are happy to offer this product to those who have served our country.
For a VA Loan you will need:
- A Certificate of Eligibility
(The VA will issue you a Certificate of Eligibility if you meet their guidelines for type and length of service. If you don’t have one already, we can apply for your Certificate of Eligibility for you.)
- A minimum FICO® Score of 620.
- A debt-to-income ratio (DTI) of no more than 60%.
- Money to cover the funding fee charged by the VA.
(This may be rolled into your loan. You may not have to pay this fee if one of these criteria applies to you: 1. You have a service-connected disability. 2. You receive VA disability or have in the past. 3. You’re a surviving spouse who qualifies.)