VA Mortgages

What is a VA Mortgage Loan*?

A VA mortgage loan is a federally guaranteed mortgage loan for veterans that does not require a down payment or private mortgage insurance. This is an excellent benefit for eligible veterans. Private mortgage insurance is usually required if a down payment of 20% is not provided – with the VA mortgage loan both the down payment and private mortgage insurance requirements are waived for veterans.

Which Veterans are Eligible?

Veterans who served on active duty and have a discharge other than dishonorable after a minimum of 90 days of service during wartime or a minimum of 181 continuous days during peacetime are eligible to apply for the VA Mortgage Loan. There is a two-year requirement if the veteran enlisted and began service after September 7,1980 or was an officer and began service after October 16, 1981. There is a six-year requirement for National Guards and reservists with certain criteria and there are specific rules concerning the eligibility of surviving spouses.

All veterans must qualify for the VA mortgage loan – they are not automatically eligible for the program. The guaranty means the lender is protected against loss if you or a later owner fails to repay the VA mortgage loan. This is only a small explanation of who may be eligible. Call me to discuss your VA Mortgage Loan options.

About Me

I spent 15 years in the Army, mostly as an Explosive Ordnance Disposal Technician. I have dedicated my last 13 years as a loan officer to assisting Veterans and Active Duty military in financing homes. My team and I will guide you through every step of the homebuying process, ensuring you have the right mortgage for you.

*VA loans only available to eligible Veterans and/or spouses. Inlanta Mortgage, Inc. is a VA approved lender but is not affiliated with the Department of Veteran Affairs or any other government entity.