An Introduction To VA Home Loans

The cost of buying a home in today’s housing market can be costly. That’s why purchasing a home is such a big financial decision. Fortunately, there’s a low-cost mortgage loan available for Veterans and Active Duty Service Members. 

Below, we’ll take a look at what a VA home loan is, and how it can benefit you. Contact us for help getting started with a VA home loan today. Our team of brokers at The Mortgage Store can help you with every step.

Credit cards as a Finance OptionWhat Is a VA Home Loan?

VA Home Loans are backed by the Department of Veteran Affairs. These loans are exclusively available for Veterans and Active Duty Service Members. They are low-cost home loans that can be used to finance up to 100% of a residence. 

diverse veteran family standing outside new home
two people shaking hands

How Does a VA Home Loan Work?

VA home loans work slightly differently from traditional mortgages. A VA loan is issued by private lenders and backed by the Department of Veterans Affairs. This guarantee provides the confidence for private lenders to offer zero-dollar down financing and lower rates and terms. 

VA Home Loan Requirements

To be eligible for a VA home loan, you will need to meet several income, military service, credit score, and property requirements. These requirements are set by the VA. They include a steady and reliable income and at least 90 consecutive days of active duty. While there are no credit score requirements for a VA loan, some lenders do prefer a credit score of 640 or higher. However, lower credit scores will also be considered. Finally, the property must meet health and safety standards as well as other set requirements.

couple standing outside new home
diverse couple filling out loan application on the computer


As a veteran or active duty service member, there are a lot of unique advantages that a VA loan can offer. It is one of the most flexible loans available for credit scores. VA home loans don’t require a down-payment or private mortgage insurance. This can save you up to 1.15% of your entire loan value every year. Taking advantage of a VA home loan can save you a lot of money upfront, as well as providing several other benefits.

To find out more about VA home loans, get in touch with one of our team members. At The Mortgage Store. Our team of brokers can help you with a personalized approach to getting started with a VA home loan today. With over 50 years of experience, you can expect the simplest and best home loan experience throughout the whole process. Contact us for a free consultation today!