At Homestead Funding, we believe it’s important to recognize and appreciate our veterans and service members. That’s why we’re proud to offer VA Loans with special features that benefit qualified borrowers.

What is a VA Loan?

VA loans are guaranteed by the US Department of Veterans Affairs, aiming to help veterans, active-duty service members, some surviving spouses, and their families obtain reliable home financing. The VA home loan is a lifetime benefit, meaning you can use the guarantee multiple times, subject to available entitlement and eligibility.

As an approved VA Lender, Homestead Funding Corp. is proud to have provided VA loans to thousands of clients.

What are VA Loan Requirements?

• Must meet VA eligibility requirements (verified by a Certificate of Eligibility, aka COE)
• Must occupy the home as a primary residence
• Property must meet VA appraisal and condition standards
• Income, credit, and financial profile must meet lender guidelines

Key Benefits of a VA Mortgage:

• No down payment required for eligible borrowers with sufficient entitlement
• No monthly mortgage insurance required (VA funding fee may apply unless exempt)
• Flexible credit and qualification guidelines
• Liberal qualifying ratios when compared to conventional loans
• Gift funds allowed for closing costs, and prepaid expenses
• May be assumable by qualified buyers, subject to lender and VA approval
• No first-time homebuyer requirement
• Eligible for 1- to 4- unit owner-occupied properties

Learn more about VA loan features and benefits by reading our product spotlight or the 7 things you should know.

_{All loans subject to credit approval and program guidelines. Not all applicants will qualify. VA funding fee may apply. Program terms and conditions are subject to change without notice.}