VA Loan Information

(Little or No Down Money Down VA Loans)

The VA loan programs make home ownership much easier, particularly for first time home buyers.

• Little or no money down

• Credit underwriting is less restrictive

• Qualifying ratios are higher than any other loan programs, which means a veteran can obtain a higher loan amount

• VA underwriting is more understanding of individuals and families who have had to file bankruptcy due to involuntary circumstances.

• If you are an existing homeowner considering a refinance the VA program allows you to go as high as 90% loan to value.

Certificate of Eligibility

Speak with a Veteran Home Loans representative. He/she will have you complete VA form 26-1880, which is called Request for Determination of Eligibility and Available Loan Guaranty Entitlement. In addition, the veteran will need one of the following supporting documents:

• a copy of the veteran's DD form 214 - if the veteran has been discharged or has retired from active military service; or

• a Statement of Service- the veteran should obtain if still serving on active duty.