VA Loans
Flexible Home Financing for Eligible Veterans and Service Members
VA loans are government-backed mortgage options available to eligible veterans, active-duty service members, and certain surviving spouses.
For qualified borrowers, VA financing may offer benefits such as no required down payment, no monthly private mortgage insurance, and flexible qualifying guidelines.
VA loan eligibility, entitlement, funding fee, credit requirements, occupancy, property standards, loan terms, and available benefits vary by borrower, property, and current VA guidelines.
How VA Loans Work
Eligibility & Entitlement Review
The lender reviews your VA eligibility and available entitlement along with your income, credit, assets, debts, and overall financial profile.
Loan Structure & Benefits
VA financing may offer flexible loan terms, competitive rates, and little or no down payment for eligible borrowers, depending on the transaction.
Property & Appraisal Review
The property must meet VA appraisal and minimum property requirements in addition to the lender’s guidelines.
Loan Approval & Closing
Once the borrower, property, and VA program requirements are satisfied, the loan can move toward closing.
VA Loan Requirements to Expect
Certificate of Eligibility
Eligible borrowers typically need a valid Certificate of Eligibility to confirm VA loan entitlement.
Credit & Income Review
The lender evaluates your credit profile, income, debts, assets, and overall ability to repay the mortgage.
Occupancy & Property Requirements
VA financing is generally intended for a primary residence, and the property must meet applicable VA standards.
Funding Fee & Closing Costs
A VA funding fee may apply unless the borrower qualifies for an exemption, and closing costs must meet current VA and lender guidelines.
Ready to Explore Your VA Loan Benefits?
Copyright 2026. All rights reserved. Jennifer Chicano NMLS #1194079 | Zero Point Mortgage Services NMLS #1216108
Equal Housing Opportunity
