Quick Facts about VA Mortgage Benefits

Millions of military members, past and present, have used their VA mortgage benefits to finance homes. A VA home loan may enable you to buy a home with as little as ZERO DOWN PAYMENT. And, with this type of government-backed financing, you'll never pay monthly mortgage insurance premiums—EVER!

Here are just some of the benefits of VA home loans:

  • $0 Down Payment Possible for Most Home Purchases
  • No Monthly Mortgage Insurance Premiums
  • Low Interest Rates Competitive with National Market
  • Costs and Fees Subject to VA's Limits
  • Low- to No-Cost Streamline Refinancing Available
  • Free Foreclosure Counseling
  • No Penalty for Early Payoff or Balance Pay-Downs
  • Funding Fee Waivers for Certain Surviving Spouses and Disabled Vets

These and other advantages may be yours if you are eligible. For help getting started, call one of our loan specialists today at 1 (888) 589-1665.

Who's Eligible for VA Home Loans?

Most people who serve in the military become eligible for VA home loans. The home loan benefit eligibility guidelines are very straightforward and can be recalled easily with just four numbers: 2, 6, 90 and 181.

You may be eligible if you:

  • Served 2 years as a regular military member, or
  • Served 6 years as a Special Reserves/National Guard member, or
  • Were called up under Title 10 and served the full period, or at least 90 straight days during wartime, or
  • Were called up under Title 10 and served 181 straight days during peacetime

See full VA eligibility requirements here

If separated from the military, you need to be discharged under circumstances other than dishonorable. It's possible to be eligible in less time than described above if you were separated from the military due to a service-related injury, reduction-in-force, illness or other hardship or specific reasons.

If you would like help determining whether you are eligible for this benefit, get touch with one of our representatives today.


Whether you want to buy a new home or refinance your existing mortgage, we can take some of the guesswork out of what to do next. Answer the questions to the right—it takes just a couple of minutes!

Are you an active servicemember, veteran, or surviving spouse?

(Choose one)

Do you want to purchase a new home or refinance your existing mortgage?

(Choose one)

Where do you want to purchase your new home?

Where is the home that you would like to refinance located?

Are you currently looking for a VA or FHA loan? If you're not sure, that's ok too.

Not Sure/ Other


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How to Obtain your Certificate of Eligibility

Before you can apply for a VA loan, you'll need to get a Certificate of Eligibility (COE). This essential document gives your loan officer the information he or she needs to proceed with your application. The VA makes it easy with three ways to obtain a COE:

  • Apply online
  • Apply through your lender
  • Apply by mail

To get your COE online, you can visit the eBenefits Portal. This user-friendly eBenefits website has been created by the VA. Here, military members can get information about all the benefits they've earned through service including home loans.

For most individuals who have served, a COE can be printed in a matter of seconds by your lender. Most approved lenders have access to the webLGY where immediate proof of eligibility can be obtained as long as the servicemember is in the system.

For some potential borrowers, a COE can only be obtained by mail. Surviving spouses must fill out VA Form 26-1817 and send it to the Eligibility Center in Decatur, Georgia.

Your licensed loan officer can help you with any of these methods for obtaining a COE. For help right now, call 1 (888) 589-1665.

How Much Can I Borrow with a VA Home Loan?

A VA home loan is limited to how much a borrower can afford regardless of how much the VA will guarantee. But if you want to buy a house with a VA loan and don't want come up with a down payment, then you may be limited to a maximum of $417,000 in most areas. This is generally the maximum loan amount that the VA will guarantee without a down payment. There are exceptions, though. In some areas, the loan limit is higher to account for high-cost housing markets.

In fact, in locations like Nantucket, Massachusetts, and Aspen, Colorado, it's possible for qualified VA borrowers to buy homes that exceed $1 million without a down payment if the lender provides that option. If you want a loan that exceeds the limit in your area, and are able to make the payments, it's okay. You'll just need to make a down payment to cover the amount not guaranteed by the Feds.

To find out how much you can afford, get pre-qualified now. Just fill out our simple form and we'll do the rest.