Home financing for eligible borrowers
VA-backed home loans may be available to eligible Veterans, service members, and surviving spouses. Eligibility, entitlement, occupancy, property, and lender requirements apply; a Certificate of Eligibility does not guarantee loan approval.
Down payment and mortgage insurance
A down payment may not be required for an eligible transaction, and VA-backed loans do not require monthly mortgage insurance. A down payment may still be needed in some situations, including circumstances involving available entitlement or the property value.
Funding fee and other costs
A VA funding fee generally applies unless the borrower qualifies for an exemption. Closing costs and other charges may also apply. Financing a fee increases the amount borrowed and can increase total interest. Ask for a personalized explanation of fees and any applicable exemption.
First Rate Home Loans, LLC is not affiliated with or acting on behalf of FHA, VA, USDA, or the federal government.
Discuss your options
A Loan Officer can explain product availability, eligibility, and costs for your situation. Find your Loan Officer.