VA Home Loan
The VA Home Loan program is a government-backed mortgage option available to eligible active-duty service members, veterans, and in some cases, certain surviving spouses. Administered by the U.S. Department of Veterans Affairs (VA), this program aims to help qualifying individuals purchase, build, repair, retain, or adapt a home for personal occupancy.
Service Requirements:
Eligibility generally depends on the length and character of service. Veterans, active-duty service members, National Guard or Reserve members, and some surviving spouses may qualify.
Certificate of Eligibility (COE): To prove eligibility, individuals need a COE, which can be obtained through the VA or by working with a VA-approved lender.
Advantage of the Loan
No Down Payment: In most cases, there's no down payment required, making homeownership more accessible.
No Private Mortgage Insurance
Flexible Requirements: They may be more lenient with credit score and debt-to-income ratio compared to conventional loans.
Limit on Closing Costs: The VA limits the closing costs that can be charged to the borrower.
Office: 1106 Coolidge Blvd. Suite 108
Lafayette, LA 70503
Call 337-267-8511
team@completemortgagela.com
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