VA Home Loans
A Superior Program to Recognize Our Heroes
A VA loan is insured by the U.S. Department of Veterans Affairs and issued by VA approved lenders. This government-guaranteed loan encourages these approved lenders to lend with more flexible and lenient qualifying guidelines.
VA loans offer unmatched benefits to our heroes: the veterans, active duty, and surviving spouses.
- 100 percent financing available*
- No mortgage insurance requirement
- Financing up to 103.15 percent*
- Funding fee may be financed
Qualifying for a VA loan
Veterans, actively serving military personnel, and surviving spouses of veterans qualify for a VA loan with suitable credit, adequate income, and a valid Certificate of Eligibility.
Veterans purchasing their first home can qualify for more home thanks to no requirement for mortgage insurance. The VA doesn’t require a downpayment, and homebuyers can even purchase a home that needs repairs or remodeling and include the costs of those repairs into the VA loan, up to 103.15%*.
The VA offers a Streamlined Refinance to lower the interest rates of many veterans without having to re-qualify. The VA mortgage is an incredible program that honors our heroes. The amazing benefits to buyers or borrowers cannot be matched by any other loan program. Purchase a home with no money down, borrow 100 percent of the value of the home or more, qualify with lenient guidelines, and avoid mortgage insurance requirements with a VA loan.
Not sure if you qualify? Want to compare a VA loan to other programs to be sure you are getting the perfect loan? Our loan advisors at Solano Mortgage can go over the VA guidelines so you can rest easy knowing that the VA loan is a superior program established in recognition of you.
* Qualifying factors may apply