Eligible borrowers could potentially purchase a home with 0% down, which could save you thousands of dollars in upfront costs.
You could pay off your loan early without any extra fees or penalties, potentially saving you hundreds of dollars every month.
VA home loans typically offer lower interest rates than conventional mortgages, which could save you thousands over the life of your loan.
You’re not required to pay mortgage insurance when putting less than 20% down, potentially saving you hundreds of dollars every month.
VA home loans are a benefit offered by the U.S. Department of Veterans Affairs that help veterans, active duty service members, and eligible surviving spouses become homeowners. VA home loans are guaranteed by the VA, which means lenders can offer some amazing benefits with these loans, including:
All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
Ready to make the most of your VA Home Loan? Dive into our 5-part video series to discover how to navigate the process like a pro. 🚀
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VA home loans are guaranteed by the VA, which means lenders can offer veterans, servicemembers, and their families low low rates.
This calculator is offered for illustrative and educational purposes only and it is not intended to replace a professional estimate. Calculator results do not reflect all loan types and are subject to individual program loan limits. All calculations and costs are estimates and therefore, Guild Mortgage (“Guild”) does not make any guarantee or warranty (express or implied) that all possible costs have been included. The assumptions made here and the output of the calculator do not constitute a loan offer or solicitation, or financial or legal advice. Please connect with a Guild loan professional for a formal estimate. Every effort is made to maintain accurate calculations; however, Guild assumes no liability to any third parties that rely on this information and is not responsible for the accuracy of rates, APRs or any other loan information factored in the calculations.
VA Home Loans offer some amazing benefits that every home buyer in the country would love to have access to, but it’s only available to veterans, service members, reservists, and surviving spouses. To apply, you just need to follow for simple steps.
Only lenders, like Guild Motgage, the company I work for have been approved by the U.S. Department of Veterans Affairs can help you secure a VA Home Loan.
Once you’ve found a VA-approved lender, they can check if you’re eligible for a VA Home Loan and help you secure your COE.
Once you have your COE, you’ll provide your lender with some basic information like income, employment history, and credit score to determine your loan amount.
Once you’re pre-approved for your loan amount it’s time to start shopping for homes!
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply.
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A VA loan is a type of mortgage loan specifically designed for eligible veterans and active-duty military personnel. VA loans are backed by the U.S. Department of Veterans Affairs and offer eligible borrowers a number of benefits, including no down payment requirements and lower closing costs.
To be eligible for a VA loan, you must be a veteran, active-duty military personnel, or the surviving spouse of a veteran who died in the line of duty. You must also meet certain length-of-service requirements and meet certain credit and income criteria set by the VA.
The main benefits of a VA loan include no down payment requirements, lower closing costs, flexible credit and income requirements, and the ability to finance up to 100% of the home's value. Additionally, VA loans offer competitive interest rates and do not require private mortgage insurance (PMI), which can help you save money on your monthly mortgage payments.
The process for getting a VA loan typically involves pre-approval from a lender, finding a suitable property, and submitting a certificate of eligibility and other required documentation to the lender. The lender will then review your application and, if approved, provide you with a mortgage for the full amount of the home's value, including closing costs. You can then use the funds to purchase the property and start building equity.
Starting your road to homeownership is literally a click away. Start today!
Getting approved for a VA loan begins with taking a look at your unique situation.
Getting approved for a VA loan begins with taking a look at your unique situation.