VA Home Loans for Veterans

Borrow or refinance up to 100% with our VA Home Loans for Veterans

A VA home loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders.

The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (certain restrictions may apply). The basic intention of the VA direct home loan program is to supply home financing to eligible veterans to help purchase properties with no down payment. Most Single Family Homes are eligible and Peoples Mortgage is able to help approve condos that are not currently approved by the VA. In either case, you will want to work with a Loan Professional to review each individual property.

The VA loan for veterans allows for up to 100% financing without private mortgage insurance. Peoples Mortgage also offers loans for veterans with up to $6,000 for energy efficient improvements. A VA funding fee of 0 to 3.3% of the loan amount is paid to the VA; this fee may also be financed. Since there is no monthly PMI, more of the mortgage payment goes directly towards qualifying for the loan amount, allowing for larger loans with the same payment.


VA Loan Features & Benefits

Loan Terms: Fixed Rate, 5/1 ARM, 3/1 ARM

You are eligible if you served the under any of the following timelines and were honorably discharged:

  • 2 years active Duty
  • 6 years Reserves Duty
  • 90 days War Time
  • 181 days Non War time
  • Please don’t hesitate to call or email to review questions. We can get your Certificate of Eligibility within minutes and can review your eligibility with you

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