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VA Home Loan PDF Print E-mail
VA loan guarantees are made for the purchase of homes, condominiums and manufactured homes (when they’re classified as real estate).
VA guarantees a percentage of the loan. This helps the veteran obtain a no-down payment mortgage at a competitive interest rate.
VA loans may also be refinanced.

 

General Program Requirements

Persons who may qualify for VA guaranteed loans include

 

  • Veterans (including Reserve and National Guard members who were called to active duty)
  • Active duty service members
  • Current Reserve and Guard members (usually after 6 years of reserve service)
  • Certain surviving spouses

 

Commissioned Officers of the Public Health Service and National Oceanic and Atmospheric Administration are considered to be active duty members and veterans, once discharged.

Length-of-service requirements apply in most cases. Generally 2-4 years.

Veterans must have been discharged under conditions other than dishonorable.

 

lower property tax
 
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