VA Loans offer special low rates and down payment terms for veterans! We can finance up to 100% of the purchase price. VA loans never require private mortgage insurance.

The VA's "Quick Guide" below is an excellent starting place to learn about VA loans. For further details, please link to www.va.gov

What is a VA Guaranteed Loan?

These loans are made by a lender, such as a mortgage company, savings and loan, credit union, or bank. VA's guaranty on the loan protects the lender against loss if the payments are not made, and is intended to encourage lenders to offer veterans loans with more favorable terms.

The amount of guaranty on the loan depends on the loan amount and whether the veteran used some entitlement previously. With the current maximum guaranty, a veteran who hasn't previously used the benefit may be able to obtain a VA loan up to $417,000 depending on the borrower's income level and the appraised value of the property. The local VA office can provide more details on guaranty and entitlement amounts.