VA Loans: Rates, Eligibility Requirements, and Benefits
Common Types of VA Loans
The VA offers a variety of home and refinance loans to borrowers. Some of the common types of VA loans include:
Who Qualifies for a VA Loan?To qualify for a VA loan, you must meet certain criteria. The following requirements determine eligibility:
It’s important to note that eligibility guidelines may vary based on when you served. For detailed information on eligibility requirements, refer to the guidelines provided by the VA.
Obtaining a Certificate of Eligibility (COE)
VA loans are an excellent option for eligible veterans, service members, and qualifying surviving spouses looking to purchase or refinance a home. With their low interest rates, lenient credit requirements, and no down payment,
VA loans provide significant advantages over conventional loans. If you meet the eligibility requirements, consider exploring the benefits of a VA loan and contacting a VA-approved lender to get started on your journey to homeownership.