VA Loans from Top Ranked VA Loan Lender

The Name Says It All

Getting Veterans into homes is what we do. With decades of experience and a strong track record of personal service, we understand that each Veteran’s trust is earned. Whether you’re purchasing or refinancing, we are dedicated to helping you take advantage of your VA home loan benefits. Find out what it’s like to work with a team that’s committed to you.

Benefits of VA Loans

$0 Down Payment Potential

Keep your cash for more important things.

No Private Mortgage Insurance

See how much you can save.

Competitive Interest Rates

Get a rate you can live with.

“Veterans First is my preferred lender.”

Edward C., U.S. Navy Veteran

November 2018

"As the name goes—Veterans First, they really do put the Veterans First. I mean, it's a great name and it's a great company."

Michael D., U.S. Air Force Veteran

July 2018

“They’re the only ones who gave me a fighting chance.”

Tim H., U.S. Marine Corps Veteran

April 2019

Frequently Asked Questions

What is needed for VA loan approval?

The VA-approved lender looks at four key elements to determine approval:
Eligibility – Does your VA Certificate of Eligibility (COE) confirm your benefit and do you have ample entitlement to back the loan?
Property – Is the home “safe, sound, and sanitary” per the VA’s minimum property requirements (MPRs)?
Occupancy – Do you intend to live in the home as your primary residence?
Financials – Do you have enough qualifying income to make the potential new mortgage payments and related house expenses, plus cover your current debts and obligations, and family living expenses?

Can a VA loan be used to refinance a home?

Yes. Two types of VA refinance loan programs—streamline and the cash-out—are available. Streamline loans, also referred to as Interest Rate Reduction Refinance Loans (IRRRLs), can be used by holders of existing VA loans to obtain a lower rate and payment, or to switch from an adjustable to a fixed-rate mortgage. VA cash-out loans are used to refinance either VA or non-VA loans, and can help borrowers consolidate debt or get cash out of a home’s equity to pay important expenses.

Can the seller pay any closing costs associated with a VA loan?

Yes, the seller is allowed to pay certain closing costs agreed upon in the purchase contract. Sellers may agree to pay up to all of the buyer’s closing costs. Additionally, the seller is allowed to pay some concessions. Think of seller’s concessions as things like furniture and debt payments thrown in to sweeten the deal. The VA funding fee can also be considered a seller’s concession. Concessions cannot exceed 4% of the loan’s value; however, payment of buyer’s closing costs or reasonable discount points are not tallied in that 4%. Also, keep in mind that any fees, like real estate commissions, seller’s legal or broker fees, or costs for termite inspection, MUST be paid for by the seller, because these are fees a VA borrower is not allowed to pay.

Are there any fees specific to VA loans?

The main fee unique to VA loans is the VA Funding Fee. This fee is charged at closing, and can run between 0.5% and 3.6% of the loan amount. The fee is collected and paid to the VA to help offset costs to administer the Loan Guaranty Program. Some borrowers, like surviving spouses and certain disabled Veterans, may be exempt.

How much can I borrow using a VA loan?

Your financial qualifications determine how much you can borrow. The VA entitlement you have available limits how much the VA can guarantee for the lender. If the VA guaranty is less than 25% of the total loan amount, the lender may require a down payment to secure the deficit.

What type of home can I buy with a VA loan?

VA loans can be used to finance single- and multi-family homes, condos, townhomes, new construction, manufactured homes, and rural/farmhouses. Keep in mind, though, that not all lenders offer financing for every type of property.

Do I need to get prequalified to use a VA loan?

Prequalifying is an optional step that can be taken early in the VA loan process. Based on financial information (mostly verbal) from the borrower before applying for a loan, a “prequal letter” can be provided by your lender. It’s not a guaranteed loan offer, but it specifies how much the lender may be willing to lend you, up to a certain amount, based on some assumptions. Having an idea of how much you can borrow can save you time while house hunting. Home sellers and their real estate agents typically prefer a prequal letter to accompany serious offers.

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