• Scott Kepler

    NMLS #833792

    (813) 444-8537


  • What are VA Home Loans?

    The Veterans Affairs (or VA) loan is a specific loan program to help veterans, active-duty service members and their families purchase a home. Authorized by the US Department of Veterans' Affairs, this loan option allows military families to qualify for a home loan with fewer restrictions and little-to-no money down.

    Do I Qualify For a VA Home Loan?

    While there are far less restrictions for qualifying for a VA loan in comparison to other loan options, there still are a few stipulations. To decide if you will qualify for a VA loan, ask yourself these three questions:

    • Are you current or ex-military personnel, or a surviving spouse of one?
    • Do you have no past record of loan defaults within the last 12 months?
    • Have you not declared bankruptcy within the last two years?

    Why Should I Get A VA Loan?

    VA loans are fully backed by the government, and offer a variety of advantages for your home purchase or mortgage refinance. Here are some advantages of VA Loans:

    No Money Down:

    With a VA home loan, you don't have to include a down payment if you can't afford to, unlike conventional loans, which typically require at least 10-20% down.

    No Private Mortgage Insurance (PMI):

    Typically, private mortgage insurance (or PMI) normally adds 0.2-0.9% of expenses to your monthly mortgage payments when you put less than 20% down. With a VA loan, you're not required to have PMI, saving you more money on your home loan.

    Fewer Restrictions:

    As we mentioned above, VA loans come with fewer restrictions, making it easier for you to qualify for one. With a VA loan, you're allowed a higher debt-to-income ratio and have more leniencies with your credit score.

    Easy Refinance:

    Due to the VA Streamline Refinance Loan Program, you are able to refinance your VA loan to a lower rate with less funding fees than a regular refinance.

    Ready to start now? Visit our online application and you can get your refinance going in less than half an hour!

    Other Popular Home Loan Options:

    • 30 Year Fixed Rate Mortgage
    • Interest Only Loan
    • 15 Year Fixed Rate Mortgage
    • FHA Loan