VA Loans

The Department of Veteran Affairsdoes not loan money! They provide the guidelines lenders must follow and they also provide the lender a guarantee so you're not required to pay for mortgage insurance. More about VA Loans

VA Certificate

The Department of Veteran Affairs does not provide an online certificate request. Most lenders will require you to apply for it and this could take up to 6 weeks by mail. However, you can request your VA Certificate securely online at www.VA-Certificate.com. One of our licensed mortgage professional s will get your certificate for you.

VA Funding fee

VA Funding fees are fees charged by the Department of Veteran Affairs, not your lender. The fee can be financed with your loan or paid at closing. If you are retired and receive any VA disability, you are exempt from the fee. More about VA Funding fees

Credit Requirements

The Department of Veteran Affairs and most lenders require that you have a minimum credit score of 620, no bankruptcies within the last 24 months and no recent collections. More about VA loan credit requirements.

Income Requirements

You must be employed and able to make your monthly payments. If you are on active duty and will be retiring or separating within 12 months, you must provide proof that you will be employed after your military service. For active duty your base pay, basic allowance for housing, and basic allowance for substance all count as income. If you receive special pays, these cannot be counted unless they are permanent and will not go away.

Debt Consideration

There are no specific guidelines concerning debts. As a general rule you should not have more than 45% debt to income ratio, but many other factors are considered. If you have excellent credit and or a substantial amount of money in savings or checking, you may qualify with higher debt ratios.

Getting Pre Approved

Getting Pre approved is a very important part of the home buying process. You should get pre approved before you start shopping so that you and your agent know how much you qualify for. It only takes a few minutes for a VA Loan Specialist to review your credit, income and debts to make this determination. Start Now!