What is a VA Loan? Veteran Affairs backed loans offer long-term financing to eligible American Veterans, Active Duty Military, and Surviving Spouses. They are guaranteed by the United States Department of Veterans Affairs. No down payment is required allowing veterans to finance up to 100% of the purchase or refinance value of a home.
Veterans Affairs doesn’t set a specific credit score requirement, however, lenders can set their own minimum requirements. Many lenders require a score of at least 620, but some go as low as 500 credit score. These mortgages often allow for higher debt to income ratios as well, exceeding 55% in some cases, depending on underwriting and your credit score.
We are honored to serve you, members of our armed forces in return for their and their family’s sacrifice for our country. We’re here to make getting a veteran home loan easier with our technology, tools, expertise, that will guide you along the way. We’ll help you clearly understand the differences between loan programs and options, empowering you to make the best informed decisions on which are right for you. Use our VA Mortgage Calculator to estimate monthly payments.
First and foremost, Thank you for your service. Thank you to you and your loved ones for your sacrifices and service to our country and to our family.
Our brokerage, Edge Home Finance, helps more veterans than any other mortgage broker in the United States. We understand mortgages and our U.S. Armed Service Members. We are honored to be of service to you. Let us help you buy a house with zero money down or refinance your mortgage to a better rate and lower monthly payment to save you money.
Request Your COE
We can Request Your COE (Certificate of Eligibility) for you, it’s free of course. The COE will provide all the data needed to determine eligibility if your first time using or repeat use, and will identify any additional benefits such as if you are eligible for a disability waiver of the VA Funding Fee which could save you $1,000’s.
Here are some of the eligible benefits as part of your Veterans Affairs Entitlement for your service:
Active Duty Military, Veterans, and a Surviving Spouses
If you have served 181 days during peacetime, 90 days during war, or are a spouse of serviceman either killed or missing in action, you should be eligible for this great military benefit if you were not dishonorably discharged.
That said, the VA requirements can get a bit complicated depending on when, where, and how long you served, and was it during wartime in active duty or peacetime. Eligibility Requirements for Veterans
The Veteran Loan originated in 1944 through the Servicemen’s Readjustment Act; also know as the GI Bill. It was signed into law by President Franklin D. Roosevelt and was designed to provide Veterans with a federally-guaranteed home loan with no down payment.
The Veteran Administration provides insurance protection to lenders in the case of a loan default. Because the mortgage is guaranteed, lenders will offer a lower interest rate and terms than a conventional home loan. VA home loans are available in all 50 states. You may also realize reduced closing costs and it always comes with no prepayment penalty.
* Some qualifications, terms and conditions apply. Inquire for more details.
Educate. Empower. Execute.
We are a Denver Mortgage Advisor committed to empowering homebuyers and homeowners with smart financial moves to build happy homeownership. We’ve optimized the best in technology with our concierge-level service. Our easy process delivers a stress-free experience, whether for purchase or refinance. We’ve built solutions for real estate financing with the best mortgage lenders nationwide and the best interest rates. Designed to educate, empower, and execute to win.
Connect with us for strategies to Make Smart Financial Moves about Finance, Credit, Home Buying, Selling, and Refinance
Get Results that Work for You!
Hours: Mon – Fri 8:00am – 7:00pm and Sat-Sun 9:00am – 5:00pm
Best Denver Mortgage Broker
AIME, Brokers Are Better Network, Chamber of Commerce, Parker Chamber of Commerce, Edge Home Finance: Better Business Accredited Business A+ Rating
Association of Independent Mortgage Experts – AIME Award: Edge Home Finance – 2022 National Mortgage Broker of the Year
Optimized by Seraphinite Accelerator