what are VA LOANS

VA Loans are home loans available to service men and women, veterans, and some eligible military spouses. A VA loan is guaranteed through the US Department of Veterans Affairs. This guarantee allows us not only to forgo the requirement for private mortgage insurance, but also to work closely with you to obtain the very best terms for you and your family. At Mortgage Options, we look forward to assisting you with your VA Loan, whether you are obtaining a purchase loan or refinancing.

VA Loans can be used to purchase a home, regardless of whether it’s existing or pre-construction. We can also assist you with a Cash-Out Refinance VA Loan to refinance a non-VA Loan, make home improvements, or even pay off debt. If you already have a VA Loan, we can help you get an even lower interest rate with a VA Interest Rate Reduction Refinance Loan (IRRRL), which lowers your mortgage payment. We can also assist you in changing your adjustable rate mortgage to a fixed rate with an IRRRL.

At Mortgage Options, we are happy to help our service men and women make owning the home of their dreams a reality.



VA Loans are available to veterans; active duty, guard, or reserve members; and qualifying military spouses. Applicants must have been discharged under conditions other than dishonorable and meet minimum service requirements.

The guidelines for service requirements are 90 consecutive days of active duty during war time, 181 days of active service during peace time, or six years of service in the National Guard or Reserve. For spouses, the requirements are that their husband or wife must have died in the line of duty or as a result of a service related disability, be missing in action, be a prisoner of war, or become disabled during service.

The VA Loan requires applicants to have suitable credit and sufficient income, meet discharge and service requirements, plan to use the loan for a home for personal occupancy, and obtain a valid Certificate of Eligibility (COE) to verify service.



At Mortgage Options, we want to make the application process for your VA Loan as smooth as possible. We will gladly help you obtain your COE and get your application started. Fill out the form below, and we will assist you with obtaining your COE.



Captcha Image

benefits of VA LOANS

At Mortgage Options, we want to say thanks to our veterans by helping them save money! A VA Loan facilitated through Mortgage Options will not require a down payment or private mortgage insurance. Furthermore, we won’t charge you a penalty fee if you pay the loan off early. Not to mention, the VA limits the amount you can be charged for closing costs, and sometimes the seller pays them.

VA Loans do have a required funding fee, but the fee amount varies depending on loan amount, your military category, whether you’re a first or subsequent loan user, and whether or not you choose to make a down payment. The fee can be included in the loan, which would in turn limit your up front costs.

VA Loans are available to all former and current military men and women who meet service requirements, regardless of if they are first time home buyers or not. The benefits of a VA Loan can be reused. Additionally, qualified persons can assume VA Loans.

If you have additional questions or concerns about VA Loans, please do not hesitate to call us at (866) 456. 5511 or fill out our Contact Us form.

CONNECT with us