Who Are VA Loans Best For?

VA loans are an affordable option for qualified veterans, service members, and their spouses.

What is a VA Loan?

VA Loans are backed by the department of veteran affairs. There are many different types of loans available from adjustable interest to short and long-term fixed loans.

What You’ll Need To Qualify

  • A Certificate of eligibility(issued by the VA).  If you don’t have one, you can easily apply for one through the VA.
  • A minimum FICO score of 620
  • A Debt to income ratio (DTI) of no more than 60%
  • Money to cover the funding fee’s charged by the VA.
    **This may be rolled into your loan.
    **There are circumstances in which these fees are waived.

VA Property Requirements

  • The service member, vet, or spouse must move into the property within 30 days of purchase. There are exceptions, including deployment.
  •  The property must be your primary place of residence(not a vacation home or rental property).


Talk to a mortgage professional today!