VA Home Loans
“I'm a veteran, military spouse or actively serving.”
Who a VA Loan Is Right For
- Are an eligible veteran, active-duty service member, or qualifying surviving spouse
- Want to purchase a home with little to no down payment
- Are looking to keep your monthly payment as affordable as possible
- Want to invest in another property or opportunity
- Want to avoid monthly mortgage insurance
- Prefer a government-backed loan with flexible qualification guidelines
- Want to take advantage of benefits earned through military service
Benefits and Considerations of A VA Loan
- Available only to eligible military borrowers and qualifying spouses
- Primary residence only; not for most investment properties
- VA funding fee may apply unless exempt
- Property must meet VA appraisal and condition requirements
- Loan limits and entitlement may impact certain scenarios
- Closing costs and fees typically apply
- Extending your loan term may increase total interest paid over time
- Eligibility depends on credit, equity, and current lending guidelines
- Market interest rates impact potential savings
- A refinance creates a new loan with new terms and timelines
When A VA Loan Makes Sense
- You qualify for VA home loan benefits through military service
- You want to purchase a home without a large down payment
- You’re looking to avoid monthly mortgage insurance
- You want a competitive, government-backed financing option
- You’re purchasing a primary residence
- You want to maximize the homebuying benefits you’ve earned through your service
Frequently Asked Questions
Who qualifies for a VA loan?
The amount you can receive from a cash-out refinance depends on your home’s current value, your remaining mortgage balance, and loan program guidelines. A loan officer can help review your situation and explain what may be available.
Explore other loan programs
ConventionalMy credit is good and I have a down payment.USDA LoanI'm looking for a house in a rural community.FHA LoanI don't have a lot of money for a down payment.Your Way MortgageI want to design a loan to fit my needs.Rate Term RefinanceI want to lower my rate or change my loan term.Cash-Out RefinanceI want to get cash out of my property.HomeReady LoanI want a low-down payment with flexible funding.Reverse MortgageI'm 62 or older and have equity in my home.Jumbo LoanI want to buy a house in a high priced area.Conventional 97I want a low down payment loan that's not backed by the FHA.DSCRI'm looking for an investment property.
Let’s talk numbers.
Talk to a Dream Team loan officer about the VA Loan and find out if it’s your best option.
ALCOVA Mortgage, LLC — NMLS #40508 (www.nmlsconsumeraccess.org). Equal Housing Lender. Informational only; not a commitment to lend. All loans subject to underwriting approval.