VA loans
An earned benefit for those who served
VA loans are guaranteed by the U.S. Department of Veterans Affairs and offer some of the strongest terms available to eligible service members, veterans and surviving spouses.
- Down payment
- 0% down
- Mortgage insurance
- None
- Property use
- Primary home
- Eligibility
- Military service
How VA financing works
A VA loan lets eligible borrowers buy with no down payment and no monthly mortgage insurance, which can make the monthly payment significantly lower than other low-down-payment programs.
The VA also limits certain closing costs and offers streamlined refinance options for current VA borrowers, so the benefit can be used again over time.
Key benefits
- No down payment required for eligible borrowers
- No monthly mortgage insurance
- Competitive interest rates
- Limits on closing costs the borrower can be charged
- Interest Rate Reduction Refinance Loan (IRRRL) for existing VA loans
- Funding fee may be waived for veterans with a service-connected disability
What you need to qualify
- A valid Certificate of Eligibility (COE), which I can help you request
- Qualifying service: active duty, veteran, National Guard, Reserve or surviving spouse
- At Glory Mortgage, we have many lenders who accept credit scores as low as 500
- The home must be your primary residence
- A VA appraisal and a one-time VA funding fee (can be financed)
Who this loan is best for
Want to know more? I would be honored to assist you in achieving your goals.
ConnectOrder CreditApply NowThe process, step by step
- 1
Confirm eligibility
We request your Certificate of Eligibility.
- 2
Get pre-approved
Know your budget before you make an offer.
- 3
Choose your home
Find a home that meets VA property standards.
- 4
VA appraisal
The VA appraiser confirms value and condition.
- 5
Close
Sign and move in, often with no money down.