VA Loans

 A VA loan makes home ownership more affordable for qualified U.S. veterans, thanks to no-money-down options and favorable terms. VA home loans are provided by lenders, and the VA guarantees a portion of loans for veterans so they can qualify for an attractive financing package. The Veterans Benefits Administration (VA) provides this benefit to qualified veterans to finance a home purchase, and there are several VA loan programs to choose from.


LOAN PURPOSE: Purchase or Refinance. 

BORROWER TYPE: Anyone with an ITIN (No Visa).





PROPERTY TYPE: Single Family Home.


FAQ's on VA Loans

Am I borrowing money from the VA?
The VA doesn’t provide financing but does guarantee the loan and sets the guidelines you’re working with an approved lender. Contact an FOA advisor to get the loan application process started.
What services are not eligible for a VA loan?
Active Duty for Training in the Reserves or National Guard members who are not otherwise eligible may be eligible meeting VA additional requirements.
What is a "qualified veteran"?
A qualified veteran is someone who is in active service, or who has served and was honorably discharged from active duty in the Army, Navy, Air Force, Marine Corps, or Coast  Guard. Those who were discharged because of service-connected disabilities and non-remarried surviving spouses of a service member may also qualify.
What's the minimum credit score requirement for a VA loan?
Higher credit scores my be required for larger loan amounts, property types, and other factors
Are all VA loans the same?
Borrowers can qualify for a VA jumbo loan or a VA Interest Rate Reduction Refinance Loan (IRRRL). Contact a FAM advisor who can help you learn about different VA loans and eligibility requirements.
Can I buy a second home or investment property with a VA loan?
VA loans are only designed for properties that will be your primary residence. VA loan financing for a second home or investment are not eligible.