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VA LOANS FOR MILITARY AND VETERANS

Are you a Military Veteran or actively serving?

If you’re active-duty military, a veteran, or an eligible family member of a military veteran, you may qualify for a Veterans Affairs Loan. The VA Loan is a government-based loan offering 100% financing of the reasonable value of the property, with less restrictive qualifying terms than Conventional programs.

Begin your VA Loan journey today.

What are the benefits of a VA Loan?

01.

No Required Down Payment

In most cases, there’s no required down payment with this program. If the price of the home is over the appraised value or higher than the VA Loan limit you’ll need to pay a down payment.

02.

Eliminate PMI (Private Mortgage Insurance)

Since the government sponsors VA home loans, there’s no Private Mortgage Insurance. As a result, qualified buyers will experience lower closing costs and monthly payments.

03.

Covered or Limited Closing Costs

VA Loan rules limit how much a borrower pays in closing costs. This means you might end up paying less in closing fees than with other loan options. The program allows sellers to cover part or all of the closing costs.

VA Loans in just 3 easy steps.

Are you thinking about applying for a VA home loan but not sure where to start? Don't worry - we have got you covered! Keep scrolling to see the steps ahead of you.

Step 1

Get pre-approved

Our mobile app, Mortgage Express, helps you get pre-approved quickly. It’s secure and you can upload all required documents straight into the app to save you time and energy.

Step 2

Talk to a Mortgage Consultant

Your GVC Mortgage Consultant will keep you and your agent updated every step of the way with our Milestone Updates.

Step 3

Close on your loan

Your Mortgage Consultant will assist you with everything you need and help you setup your closing appointment.

VA Loans for military and veterans

Frequently asked questions about VA Loans.

How much do I need for a VA Loan down payment?
This program is unique in that, for qualifying borrowers, there is no required down payment. However, if the price of the home is higher than the local loan limit or the appraised value, you may need to pay a down payment.
What are the credit score qualifications for a VA Loan?
The VA does not currently enforce any credit score minimums, but mortgage lenders do. To learn about credit score minimums, contact a Mortgage Consultant.
Do I have to pay mortgage insurance with a VA Loan?
With this loan program, neither type of Mortgage Insurance is required. There is a one-time funding fee required. The funding fee depends on the loan balance, your down payment, branch of the military, and if it’s your first VA Loan.
What are the associated closing costs and do I have to pay them?
Closing costs are any expenses that you might have to pay over and above the price of the property. These costs can, but don’t have to include: origination fees, discount points, appraisal fees, title searches, and taxes.
What are the loan limits?
In general, the loan limit for a VA home loan is dependent on the cost of living for the purchase property location. If the cost of living is higher in the county the home is in, then the limit of the loan might be higher. To learn more about the limits in your area, contact a Mortgage Consultant.