VA loans are guaranteed by the U.S. Department of Veterans Affairs and are designed to offer long-term financing to eligible active-duty military, veterans, and eligible surviving spouses.
VA Loan Requirements
Credit scores as low as 580 may be accepted
Credit scores as low as 600 may be accepted for manufactured housing
Must be current or former military personnel or surviving spouse of military personnel who did not remarry
Must not have had any loan defaults within the last year
Must not have declared bankruptcy within the last two years
Benefits and Details
0% down payment
No mortgage insurance required
30-, 20-, or 15-year fixed-rate terms and 5/1 ARMs available
Refinance up to 100% of the value of your primary residence
VA streamline refinance (IRRRL) with no appraisal necessary and minimal documentation is available for current VA loan holders
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