A VA loan is a home loan guaranteed by the U.S. Veterans Administration. VA-guaranteed loans are available to eligible veterans and unmarried surviving spouses who can show entitlement through a Certificate of Eligibility. Eligible veterans may be able to purchase a home with no down payment and no cash reserve. The VA establishes the maximum loan amounts and eligibility requirements.

The more you know about our home loan program, the more you will realize how little “red tape” there really is in getting a VA loan. These loans are often made without any down payment at all, and frequently offer lower interest rates than ordinarily available with other kinds of loans. Aside from the veteran’s Certificate of Eligibility and the VA-assigned appraisal, the application process is not much different than any other type of mortgage loan. Residential Home Funding Corp. is approved for automatic processing, which means with a VA loan, you can be processed and closed by us without waiting for VA’s approval of the credit application.

Advantages of VA Loans

  • You can lock in a loan with no down payment
  • No mortgage insurance is required

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