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Helping Veterans with Mortgages since 1982.
A VA loan is a mortgage loan made possible by a program established by the United States Department of Veterans Affairs (VA) (previously the Veterans Administration). It is one of the ways that the US government awards military veterans for their service is through the highly competitive rates for the VA Loan Guaranty Program. This type of loan is possibly one of the most powerful and flexible lending options on the market today.
The program backs the military borrower by saying the VA will repay about a quarter of every loan it qualifies if the borrower defaults. That makes it easier for our agents at Direct Capital Funding to approve a bigger loan.
VA home loans for veterans facilitate active service members, veterans, and their surviving spouses to purchase a home. They offer up to 100% financing on the value of a property. A VA loan can be used to buy or build a home, improve and repair a home, or refinance a mortgage for qualified borrowers.
Eligibility guidelines for the VA Loan Guaranty Program
- Members of the military who have served 181 days on active duty or three months of wartime duty.
- Anyone with at least six years in the National Guard or Reserves.
- Widows and widowers of those killed on duty.
VA loans are aimed to offer home financing for eligible service members, veterans, or eligible family members. These loans are available with low and no down payment choices, as well as a range of rates and terms. We are the best mortgage company for VA loans in California. Our VA home mortgage loans have favorable benefits for you.
Still not sure if you qualify for the VA Loan Guaranty Program? Call Direct Capital Funding and talk to one of our loan officers who can pre-qualify you for a loan. We are the best refinance company for VA loans and study your requirements in detail. The borrower of VA loans can purchase with no money down and underwriting standards and requirements that are less exclusive than conventional loans.