VA Loans
For Those Who Served
Overview
What is a VA Loan?
A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA). It is available to eligible veterans, active-duty service members, and surviving spouses. VA loans are issued by private lenders such as banks and mortgage companies, but the VA guarantees a portion of the loan, enabling lenders to provide more favorable terms.
VA loans were created to help service members, veterans, and eligible surviving spouses become homeowners. As part of our mission to serve those who served, Got Mortgage Solutions is proud to help veterans navigate the VA loan process and take full advantage of their hard-earned benefits.
Why VA
VA Loan Benefits
No Down Payment Required
Eligible veterans can purchase a home with zero down payment, making homeownership more accessible.
No Private Mortgage Insurance
VA loans do not require PMI, which can save hundreds of dollars per month compared to conventional loans.
Competitive Interest Rates
Because VA loans are government-backed, lenders can offer lower interest rates than many conventional loan programs.
Flexible Credit Requirements
VA loans have more lenient credit standards, helping veterans with less-than-perfect credit qualify for financing.
Streamline Refinance (IRRRL)
The Interest Rate Reduction Refinance Loan allows eligible borrowers to refinance quickly with minimal documentation.
Limits on Closing Costs
The VA limits the closing costs lenders can charge, keeping more money in your pocket at the closing table.
Who Qualifies
VA Loan Eligibility
Active-duty service members with at least 90 consecutive days of service
Veterans who served 90 days during wartime or 181 days during peacetime
National Guard and Reserve members with 6+ years of service
Surviving spouses of service members who died in the line of duty or from a service-related disability
Certain U.S. citizens who served in the armed forces of a government allied with the U.S. in World War II
Eligibility is determined by the VA based on service history and duty status. A Certificate of Eligibility (COE) is required to confirm your eligibility for a VA loan. We can help you obtain your COE as part of the loan process.
Ready to use your VA loan benefit?
Our team is honored to help veterans and service members achieve homeownership.
Apply Now