VA Loans

A VA loan is a mortgage secured by the U.S. Department of Veterans Affairs and issued by a private lender. VA loans can make it easier to buy a home because they don't require a down payment, and there is no MI. There are also different qualifying DTI factors with VA loans, making it easier for veterans to qualify.

VA Income Qualifications

VA loans qualify borrowers off two existing factors... A debt-to-income ratio of 41% OR the borrowers "residual income." Residual income is the money left to cover basic living expenses, such as food and clothing, after paying debts, housing and other obligations.

VA Funding Fee

The cost of the funding fee is determined by the size of your down payment, or the Loan To Value ratio, and whether it’s the first-time you’re getting a VA loan or whether you’re buying or refinancing the property.

Surviving spouses, veterans who receive disability and Purple Heart recipients serving in an active-duty capacity are exempt from funding fees.

The VA funding fee can be rolled into your mortgage, similar to the upfront mortgage insurance premium of an FHA loan.

Contact Me To Get Approved

VA Loan Product

Loans up to $4M
580+ FICO Up to 100% LTV
Single family primary residence
Purchase & cash-out refinance
Available on single- and multi-wide manufactured homes, co-ops*, condos, PUDs and One-Time Close New Construction loans
Escrow waivers up to 100% LTV
Lender and seller paid Temporary Rate Buydowns available
Up to 4% seller concession can go towards paying off debt
VA Borrower can be non- occupying

VA IRRRL (Refinance)

Unlimited LTV
Loans up to $4M
No appraisal required
Available on single- and multi-wide, condos and PUDs
Primary, second and investment properties eligible

Home Loan Eligibility

You’ve been an active-duty military member or veteran for 90 days of service during wartime or 181 days of service during peacetime.
You served in the National Guard or Reserve for at least six years.
You're the surviving spouse of a service member who died while on active duty or from a service-connected disability.