VA Home Loans

Affordable, Flexible Financing for Veterans, Active-Duty Service Members, and Eligible Spouses

Overview

VA loans are one of the strongest mortgage options available to qualifying military borrowers. Backed by the U.S. Department of Veterans Affairs, these loans provide powerful benefits — including no down payment, competitive rates, and flexible credit guidelines. For eligible buyers across Virginia, especially in Southside communities with a strong history of military service, a VA loan can provide a clear and affordable path to homeownership.

Whether you’re buying your first home, relocating, refinancing, or upgrading, a VA loan allows you to maximize your budget while minimizing upfront costs.

Key Benefits of VA Loans

✓ 0% Down Payment

Most eligible borrowers can purchase a home with no down payment, making VA one of the most affordable loan options available.

✓ No Private Mortgage Insurance (PMI)

Even with $0 down, VA borrowers are not required to pay monthly PMI — a major cost savings compared to conventional loans.

✓ Competitive Interest Rates

VA loans often offer lower rates than other loan types, reducing long-term borrowing costs.

✓ Flexible Credit Requirements

The VA is more forgiving of past credit challenges and limited credit history.

✓ Streamlined Refinancing Options

The VA Interest Rate Reduction Refinance Loan (IRRRL) offers simplified refinancing for eligible borrowers.

Who Qualifies for a VA Loan?

Eligibility is based on service history and discharge status. VA loans are available to:

• Veterans

• Active-duty service members

• National Guard and Reserve members

• Certain surviving spouses

If you’re unsure about your eligibility, we can quickly help you obtain your Certificate of Eligibility (COE) from the VA.

Why VA Loans Are So Valuable

Because the VA guarantees a portion of the loan, lenders can offer better terms and lower risks for qualifying borrowers. VA loans are especially beneficial for:

• First-time or repeat homebuyers

• Borrowers without a large down payment

• Military families relocating to or from Virginia

• Buyers wanting predictable, stable monthly payments

• Homeowners looking to refinance for a lower rate

For many households, a VA loan provides the lowest upfront cost and most affordable monthly payment.

Basic Requirements

While guidelines vary by lender, VA loan requirements typically include:

• A valid Certificate of Eligibility

• Sufficient, steady income

• A manageable debt-to-income ratio

• A property meeting VA’s minimum property standards

• Reasonable credit history

We guide borrowers through every step of the process, from COE verification to closing.

The VA Loan Process

1. Check Eligibility and Obtain COE

We assist in verifying your service history and retrieving your COE.

2. Get Pre-Approved

Pre-approval helps determine your budget and strengthens your home offer.

3. Shop for a Home

Once pre-approved, you can confidently view homes within your price range.

4. VA Appraisal and Underwriting

The VA requires an appraisal to confirm the home’s value and condition.

5. Clear to Close

After final approval, you’ll review and sign closing documents — then receive your keys.

Frequently Asked Questions

Do VA loans have limits in Virginia?

Many borrowers no longer have traditional loan limits if they have full VA entitlement.

Can I use my VA loan benefit more than once?

Yes — many borrowers use VA financing multiple times throughout their lives.

Is a down payment ever required?

Usually not, but certain situations (partial entitlement, high loan amount, etc.) may require one.

Are VA loans only for first-time buyers?

No — VA loans are for any eligible borrower purchasing a primary residence.