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What is a VA Mortgage Loan? 

The Department of Veterans Affairs (VA) guarantees home loans. Veterans who qualify for a VA loan must obtain a Certificate of Eligibility (COE). Determinations of eligibility are based on the length of service and are issued to veterans who were not discharged dishonorably.

What are the requirements for a VA Loan?

Although there are a few exemptions, including exemptions for veterans with disabilities, most VA loan includes a funding fee, which the veteran can finance. The funding fee ranges from 0.50% to 3.30%, depending on what type of loan the veteran is obtaining and whether it is his/her first time use of loan eligibility or a subsequent use:

Some Guidelines are as follows:

  • May include Funding fee from ranges of 0.50% – 3.30% of the loan value.
  • Cannot be charged a 1% flat origination fee and reasonable discount points.
  • Veteran is required to occupy the subject property as his or her primary residence, however VA loans are assumable.
  • No Maximum loan amounts, (loan size can be limited by transaction types.)

At Valley West Mortgage we specialize in offering VA Loans and take great pride in giving back to those who have served. In providing hundreds of VA loans has allowed us to streamline the VA loan process, making it very smooth and easy for our clients.

Get Started Today

If you feel you meet the above requirements and are interested to see if you can apply for a loan.
Give us a call (702) 696-9900. Our staff is available typical working hours and will love to get you the loan you need for the house your want.