VA Loans for Eligible Veterans & Service Members
VA loans can offer powerful benefits such as $0 down payment options and no monthly PMI for eligible borrowers. Katie Henry helps veterans and service members understand Certificate of Eligibility needs and next steps.
Who This Loan Is For
- •Eligible veterans, active-duty service members, and qualifying surviving spouses
- •Buyers who want to minimize or eliminate a down payment
- •Homeowners considering a VA Interest Rate Reduction Refinance Loan (IRRRL) or cash-out options
- •Borrowers purchasing a primary residence that meets VA property guidelines
Typical Requirements
- •VA eligibility and Certificate of Eligibility (COE)
- •Primary residence occupancy requirements
- •Income, credit, and residual income guidelines set by the lender and VA
- •VA appraisal and property requirements
- •Funding fee may apply unless exempt
Requirements vary by loan program, property type, and borrower profile. Katie Henry can review your situation and outline realistic next steps.
How The Process Works
- Confirm VA eligibility and obtain your Certificate of Eligibility.
- Complete a pre-qualification to estimate purchase power and payment range.
- Shop for a home knowing your VA loan parameters and contingency needs.
- Move through underwriting, appraisal, and closing with your loan officer.
Frequently Asked Questions
Do VA loans require a down payment?
Many eligible borrowers can purchase with no down payment, subject to entitlement, lender guidelines, and overall file strength.
Is there PMI on a VA loan?
VA loans do not require monthly private mortgage insurance. A one-time funding fee may apply unless you qualify for an exemption.
Can I use a VA loan more than once?
Yes, in many cases. Remaining entitlement and prior VA loan status determine whether you can reuse benefits. We can help you review your situation.
Ready to Explore VA Loans?
Start a secure application with Katie Henry at Supreme Lending, or contact Fast Home Loan with questions.
Fast Home Loan connects borrowers with Katie Henry at Supreme Lending for mortgage origination and lending services.