Established back in 1944 by the United States government, VA loans are issued by lenders and guaranteed by the Department of Veteran Affairs. It is a popular and effective lending program for veterans who qualify.

It works differently than your other typical loans in the sense that the VA does not actually issue the loan. Instead, they agree to repay a portion of each guaranteed loan should the person borrowing default.

VA loans do not require a down payment, similar to the USDA loan. This loan type also does not have as strict lending requirement that conventional loans do as the vast majority of people who get a VA loan could not be approved for a conventional mortgage.

Not everyone can obtain a VA loan, though. Military members and veterans who meet specific criteria are eligible to apply for a VA loan in addition to the spouses of the ones who were killed in action. A Certificate of Eligibility is required (a document that can be obtained online), and there is no limit to how much a VA loan can be.


This type of loan is ideal for veterans who have served who may have lower incomes and low-to-moderate credit score.

If you are a current member of the military or a veteran and think that a VA loan could be right for you, contact our team today to see if it’s a good fit for you and your family!