With a fixed-rate mortgage, your interest rate will stay the same for the life of the loan.
VA Mortgage Loans
Do you have questions about your eligibility or VA Loan Requirements.
VA Mortgage Loans
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. While the VA does not lend money for VA loans, it backs loans made by private lenders (banks, savings and loans, or mortgage companies) to veterans, active military personnel, and military spouses who qualify.
There are three types of VA loans: purchase loans, interest rate reduction refinance loans (or IRRRL, also referred to as a VA streamline refinance loan), and cash-out refinance loans. There are many benefits to a VA loan, but one of biggest benefits is that no down payment is needed to purchase a home. This can make home ownership a reality for active military or veterans who might otherwise not be able to afford it.
Who Is Eligible for VA Loans?
VA loans are designed for military personnel, veterans, and military families. The list of
those who are eligible for this home-buying military benefit include:
- Active-duty personnel
- Reserve members
- National Guard members
- Some surviving spouses
You must also have suitable credit, sufficient income, and a valid Certificate of Eligibility (COE). And you must use the home for your own personal occupancy. Still unsure if you’re eligible? Check the Department of Veterans Affairs website for a detailed list of eligibility requirements for military service members, veterans, and military spouses.
+ Click for Current Rates
Rates are for example purpose only and are subject to change without notice and are for best qualifying borrowers with credit scores of 740 or above
- 30 Year Fixed 4.125 APR 4.610
- 15 Year Fixed 3.375 APR 3.901
|Mortgage Loan Calculator||Use this calculator to determine your monthly payment and amortization schedule.|
|Mortgage Qualifier||Can you buy your dream home? Find out just how much you can afford!|
|Refinance Breakeven||Should you refinance your mortgage? Use this calculator to determine when you will breakeven!|
|Rent vs. Buy||Are you better off buying your home, or should you continue to rent?|
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Types of Mortgages:
You can get a conventional loan at a fixed or adjustable rate.
Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit.
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military.
A USDA Home Loan is a Government insured loan that allows borrowers to obtain 100% NO MONEY DOWN financing.
Whether you're looking to lower your interest rate, reduce your monthly payments or interest expense, switch from an adjustable to a fixed rate, consolidate bills, or obtain extra money to pay for expenses, a mortgage refinance could be the solution for you.