Purchase/ Rate & Term Refinance / Cash Out Refinance
No minimum FICO
1 FICO score OK
Manual Underwrite OK
Non-Traditional Credit used for No Score
Up to 100% LTV-Purchase and Rate & Term
Up to 90% LTV-Cash Out
Up to 65% DTI for Manual Underwrite with minimum 120% Residual Income
Ignore mortgage lates, foreclosures, BKs of Non-Borrowing Spouse
Transferred Appraisals OK
We do not charge an UW/Admin Fee
VA IRRRL Refinance
No Income
No minimum FICO required
No Appraisal or AVM
Ignore foreclosures and mortgage lates on other properties owned
Non Owner Occupied OK
About VA Home Loans
VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide 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.
Benefits Of a VA Home Loan
Purchase Loans Help you purchase a home at a competitive interest rate often without requiring a downpayment or private mortgage insurance. Cash Out Refinance loans allow you to take cash out of your home equity to take care of concerns like paying off debt, funding school, or making home improvements. Learn More
Interest Rate Reduction Refinance Loan (IRRRL): See lending criteria above. Also called the Streamline Refinance Loan can help you obtain a lower interest rate by refinancing your existing VA loan. Learn More
Eligibility Requirements of a VA Home Loan
Your length of service or service commitment, duty status and character of service determine your eligibility for specific home loan benefits.
Purchase Loans and Cash-Out Refinance: VA-guaranteed loans are available for homes for your occupancy or a spouse and/or dependent (for active duty service members). To be eligible, you must have satisfactory credit, sufficient income to meet the expected monthly obligations, and a valid Certificate of Eligibility (COE). Learn More
Interest Rate Reduction Refinance Loan (IRRRL): The IRRRL is a “VA to VA” loan, meaning it can only be done if you have an existing VA guaranteed loan on the property. The IRRRL is generally performed to lower the interest and reduce the monthly payment on the existing VA guaranteed loan.