How VA Loans open doors to homeownership for military personnel

More than 25.5 million qualified veterans and military service personnel are eligible for VA home loan financing. Are you one of them?

Thanks to the Veterans Administration's GI Bill, qualified veterans and active duty military have access to a variety of VA home loans that offer mortgage discounts, perks and other significant benefits on VA home loans. VA home loans are made by private lenders such as banks, savings & loans, or mortgage companies, to eligible veterans who are ready to buy a home for their own personal occupancy.

If you've served on active military duty, received a discharge other than dishonorable after a minimum of 90 days of military service during wartime, or a minimum of 181 continuous days of military service during peacetime, you may be eligible to let a VA Home Loan serve you!

If you're a veteran, eligibility means a two-year service requirement if you began your military service after September 7, 1980, or as an officer you began your military service after October 16, 1981.

If you're in the National Guards and Reserves, you need to have served for six years; and there are guidelines that many include eligibility of surviving spouses, too.

Simply put, if you qualify, the VA is willing to vouch for you, by protecting your lender against loss if you fail to repay the mortgage, a protection the lender normally receives by requiring a downpayment from borrowers in exchange for favorable financing terms.

When it comes to new home loans, being part of the US military can be priceless -  zero downpayment, favorable loan terms and rates and a whole lot more, with a VA home loan.

Every family wants to own a piece of the American dream: a home of their own.

Being in the military or being a US veteran can help you realize the American dream. The VA Home Loan program is at your service.