Mortgages on the surface can be an intimidating subject. We've collected information to give you a better understanding of your options before purchasing your dream home.
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Monday, January 07, 2019 / by
As a big thank you for serving our country, the Veterans Affairs Mortgage (also known as a VA Loan) provides perhaps the easiest way to purchase a home to those who have served or continue to serve. The VA Loan paves the way for many of those who have or continue to serve our country along with their families, to become homeowners.
Who can apply for a VA Loan?
VA loans are designed for those serving in the military, veterans, and their families. If you want a more complete list, those who may be eligible for a VA loan include:
Those actively serving in the armed forces
National Guard members
Those in the reserves
Surviving spouses of those killed in the line of duty
Those applying for a VA loan should have a credit score of 620 or higher (in most cases), have a current Certificate of Eligibility, and have adequate income. If you still have questions as to whether or not you are eligible for a VA loan, check out the eligibility requirements on the Veterans Affairs ...