VA Mortgage Department
What is the VA Home Loan?
The VA home loan is a loan provided by a participating lenders and is guaranteed by the U.S. Department of Veterans Affairs (VA). This guarantee means we’re able to offer you more favorable terms on a home loan or refinance.
DID YOU KNOW: You can also have more than one loan, meaning if you own a home at your current duty station and want to keep it as a rental you can still apply for a loan & buy another home here.
The loan process can seem a bit overwhelming, don’t hesitate to ask Phil any questions you have and make sure you choose a lender that you can trust! We have a local lender that specializes in VA loans that we would be happy to introduce you to.
What are the Benefits of the VA Home Loan?
Competitive interest rates
No down payment
No private mortgage insurance
Benefit is re-usable, can have multiple VA home loans at a time
Closing costs may be paid by seller
Don’t need to be a first-time homebuyer
100% financing up to county loan limit* (*$741,750 in Pierce, King, & Snohomish and $510,400 in Thurston & Kitsap)
The VA Jumbo loan finances loans over the county loan limit with low down payments and very competitive interest rate
Am I Eligible?
Contact us today to and we will put you in touch with a local VA Lender that we know and trust. A licensed loan officer can help you to understand all your options and will walk you through the financing process from start to finish.