VA home loans guarantied by the Veterans Affairs


Veterans Affairs (VA)  helps Service members, Veterans, and eligible surviving spouses become homeowners. As part of A  mission to serve you, VA provides a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.

VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.

What is a VA Guaranteed Home Loan?
VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you fail to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms.
Who Is Eligible for a VA Loan?
  • Veterans
  • Active-duty personnel
  • Reservists/National Guard members
  • Some surviving spouses


Equal opportunity for all qualified Veterans to obtain a VA loan

  •  Reusable
  •  No down payment (unless required by the lender or the purchase price is more than the reasonable value of the property)
  •  No mortgage insurance
  •  One time VA funding fee that can be included in the loan
  •  Veterans receiving VA disability compensation are exempt from the VA funding fee
  •  VA limits certain closing costs a Veteran can pay
  •  Can be assumed by qualified persons
  •  Minimum property requirements to ensure the property is safe, sanitary, and sound
  •  VA staff dedicated to assisting Veterans who become delinquent on their loan

Thank you for your service to our country. 

VA is hands down the best mortgage program available so if you qualify for it, take advantage of it. 

The only affect to the monthly payment is the VA funding fee and if you don't put money down, the payment is higher because you're financing more money. 

I'm going to run a couple of scenarios for you below so that you can decide whether or not it makes sense for you to put 20% down. 

Let's use a purchase price of $250,000.00. 

VA - If you were to do a VA mortgage at 3.25% your principle and interest payment would be $1,114.13 with the VA funding fee financed into the loan.

Conventional - If you were to put 20% down, you would have a loan amount of $200,000 and at the same rate of 3.25% your principle and interest payment would be $870.40 

That's a difference of $243.73 per month BUT you had to spend $50,000 right now so here's what you want to look at. How long will it take you to recoup that $50,000 through saving $243.73 per month? $50,000 divided by $243.73 = 205 months or 17 years! 


VA mortgages are available to active and ex-servicemen and women, including National Guard reserves. Lenders are insured against loss by the Veterans Administration, though this protection is referred to as a "guarantee" rather than insurance.


Learn More About VA Home Loans and How They Can Help You

Thanks to VA home loans active service members, reservists, National Guard Members, Veterans or their surviving spouses can now become homeowners.

What’s great about VA home loans is that you can use your VA loan guarantee benefit to do buy, build, renovate or repair a home for your own primary residence.

If you’re wondering how a VA loan benefit benefits this page will provide you with details of VA loans so you can make the decision on how to use your benefit.

How VA Loans Work

VA Loans are better than any other type of mortgage loans since they are guaranteed by the Federal Government and this means the lender is 100% protected from loss if the borrower fails to repay their loan.

How Veterans Benefit From VA Loans

With your reusable VA loan benefit you will be able to enjoy the convenience of a loan that doesn’t require a down payment or mortgage insurance.

When using your VA loan benefit a one-time VA funding fee (if you don’t put any money down) will be added to your loan and this will result in a higher monthly payment.

The funding fee will be waived for Veterans who are receiving disability compensation.

VA Funding Fee Explained

To better understand how the VA funding fee works here are two real life scenarios:

Example 1 – Let’s say you were to use your VA loan benefit but you didn’t put any money down. The VA funding fee would be added and your monthly mortgage payment at an interest rate of 3.25% (principal and interest) would be $1,114.13 per month.

Example 2 – For the second example let’s say you put down at least 20% for your down payment. With a mortgage interest rate of 3.25% your monthly mortgage payment would be $870.40.

The big difference between both loan examples is $243.73 the amount of money you could be saving each month if you were to go with example 1.

What’s even better about putting down at least 20% now when using your VA Loan benefit is that you can save about $50,000 over 20 the next 20 years you own your own home.

VA Mortgages are available to active members or the armed forces, ex-servicemen (Veterans) and members of the National Guard Reserves.

Learn More about the History behind the VA Program

Since the end of World War II the VA Program has helped active servicemen and women, Veterans and their surviving spouses realize the dream of home ownership.

This home loan program is ideal since it protects lenders against potential losses if the borrower is unable to repay and enables Veterans to finally achieve the dream of home ownership.

If were in service for 181 days of active duty during peace time, 90 days of active duty during war time, served six years in the National guard / Reserves or you have a spouse who died in the line of duty, you qualify for the VA loan benefit.

To learn more about the VA loan benefit contact me,

Chris Adams, Broker and Military Relocation Professional with Legendary Sales by calling me at (251) 367-7430 or by emailing me at