VA Loans
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1800-725-9946
Let us honor your service by helping you achieve the American
dream of owning a home.
Exclusive advantages such as zero down payment
Low interest rates
No Private mortgage insurance
888-549-1005
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No Credit Checks Required
Get a VA Loan with Zero Down & Lower Rates—Fast, Easy, and Hassle-Free!
Zero Down Payment: Buy a home with no down payment required, saving you thousands upfront.
Lower Interest Rates: VA loans offer some of the lowest rates available, reducing your monthly payment.
No Private Mortgage Insurance (PMI): Save hundreds per month compared to conventional loans.
Fast Pre-Approval: Get pre-approved quickly so you can start shopping for your dream home.
Easier Qualification: Flexible credit and income guidelines make approval simpler.
Low Closing Costs: We negotiate better terms to minimize out-of-pocket expenses.
888-549-1005
Call for a Free Mortgage Savings Report
No Credit Checks Required
Find Your Perfect Mortgage Match – Let’s Get Started!
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Start with our Mortgage Approval Tool!
Start with our Mortgage Approval Tool!
Get a VA Loan with Zero Down & Lower Rates—Fast, Easy, and Hassle-Free!
Zero Down Payment: Buy a home with no down payment required, saving you thousands upfront.
Lower Interest Rates: VA loans offer some of the lowest rates available, reducing your monthly payment.
No Private Mortgage Insurance (PMI): Save hundreds per month compared to conventional loans.
Fast Pre-Approval: Get pre-approved quickly so you can start shopping for your dream home.
Easier Qualification: Flexible credit and income guidelines make approval simpler.
Low Closing Costs: We negotiate better terms to minimize out-of-pocket expenses.
Find Your Perfect Mortgage Match – Let’s Get Started!
I consent to receive SMS notifications, alerts, and occasional marketing communications from the Rateshop Mortgage.
Start with our Mortgage Approval Tool!
Home Purchase
Ready to buy? Get pre-approved in minutes and secure competitive rates tailored to your budget. Whether you’re a first-time buyer or upgrading, we’ll help you close faster.
Home Refinance
Slash your monthly payments or tap into your equity with flexible refinancing options. Rate-and-term, cash-out, or FHA streamline—we’ve got your best deal.
Home Equity
Need funds for renovations, debt consolidation, or emergencies? Access up to 90% of your home’s value with low rates and tax-deductible interest
Reverse
Age 62+? Keep ownership, stay in your home, and access tax-free cash. No monthly payments required—ever. FHA-insured and risk-free.
Our Service Commitment
No Hidden Fees: We believe in clear and upfront communication about all costs associated with your mortgage.
Tailored Solutions: Our advisors work closely with you to find mortgage solutions that are customized to your financial situation.
Get Expert Advice every time from a licensed loan officer with a suite of products to choose from.
Our team strives to deliver excellence. Contact us day or night with any mortgage questions—we’re here when you need us.
Working with us or just thinking of it, we will always be honest and transparent. No sales targets means way better service!
What Are VA Loans?
VA loans are a type of mortgage loan available to U.S. veterans, service members, and surviving spouses who have not remarried. They are issued by private lenders—such as banks and mortgage companies—and are guaranteed by the U.S. Department of Veterans Affairs (VA). This government backing allows lenders to offer VA loans with favorable terms to borrowers who qualify.
How Does a VA Loans Works?
Eligibility
VA loans are designed exclusively for eligible veterans, active-duty military members, National Guard and Reserve personnel, and certain surviving spouses. To qualify, applicants must provide a valid Certificate of Eligibility (COE) and meet the lender’s minimum credit and income standards, ensuring that veterans receive competitive home financing options.
Loan Application
The VA loan application process is streamlined and straightforward. Start by obtaining your Certificate of Eligibility, then work with a VA-approved lender who specializes in military financing. You’ll need to submit documentation of your service, income, and credit history, making it easier to secure a loan that meets your homeownership needs.
No Down Payment
One of the standout benefits of VA loans is the ability to finance 100% of the home’s purchase price—meaning no down payment is required. This feature makes homeownership more attainable for veterans and service members, reducing the barrier of upfront costs.
No Private Mortgage Insurance (PMI)
Unlike many conventional loans, VA loans do not require private mortgage insurance (PMI). By eliminating PMI, borrowers can enjoy lower monthly payments and significant long-term savings, further enhancing the affordability of VA home loans.
Limited Closing Costs
VA loans are structured to protect borrowers by limiting the fees that can be charged at closing. This means lower upfront costs and a more transparent, affordable financing process, ensuring that veterans can invest more in their new homes instead of paying excessive fees.
VA Funding Fee
A one-time VA funding fee is required on VA loans to help sustain the program for future service members. This fee can be financed into the loan amount and varies based on factors such as the down payment and type of service. In some cases, eligible veterans may receive exemptions from this fee, further reducing their overall costs.
Loan Guarantee
VA loans carry a government-backed guarantee, which gives lenders the confidence to offer competitive interest rates and flexible terms. This guarantee minimizes risk for lenders and translates into favorable loan conditions for eligible veterans, making the path to homeownership more accessible and secure.
Features of VA Loans
No Down Payment
VA loans often require no down payment, enabling you to buy a home without years of saving.
No Private Mortgage Insurance (PMI)
Unlike conventional and FHA loans, a VA loan doesn't require monthly PMI. This can lead to significant monthly savings for homeowners.
Limited Closing Costs
Legislation limits the closing costs lenders can charge to VA loan applicants. This helps reduce the amount of money veterans need to bring to closing.
Competitive Interest Rates
VA loans have lower interest rates than conventional loans, which reduces the long-term cost of borrowing.
No Prepayment Penalty
VA borrowers can pay off their home loan at any point without having to worry about a prepayment penalty.
VA Funding Fee
While there is no PMI, VA loans come with a VA funding fee, which can be financed with the loan. This fee helps to fund the VA home loan program and varies depending on several factors, such as the type of loan and whether it's the veteran's first VA loan.
Assumability
VA loans are assumable, which means they can be transferred to a subsequent buyer if that person is also VA-eligible. This can be a benefit in a high-interest rate environment or if you need to sell your home quickly.
Foreclosure Avoidance
The VA helps borrowers experiencing financial hardship prevent foreclosure.
Variety of Eligible Property Types
VA loans can be used to purchase a variety of property types, including single-family homes, condos, new construction, manufactured homes, and multi-unit properties.
Reusable Benefit
Your VA entitlement is reusable. This means that if you pay off your first VA loan, you can use the benefit again for another VA loan.
Benefits of VA Loans
No Down Payment
VA loans often require no down payment, enabling you to purchase a home without years of saving.
No Private Mortgage Insurance (PMI)
Unlike conventional and FHA loans, a VA loan doesn't require monthly PMI. This can lead to significant monthly savings for homeowners.
Limited Closing Costs
Legislation limits the closing costs lenders can charge to VA loan applicants. This helps reduce the amount of money veterans need to bring to closing.
Competitive Interest Rates
VA loans have lower interest rates than conventional loans, which reduces the long-term cost of borrowing.
No Prepayment Penalty
VA borrowers can pay off their home loan at any point without having to worry about a prepayment penalty.
VA Funding Fee
While there is no PMI, VA loans come with a VA funding fee, which can be financed with the loan. This fee helps to fund the VA home loan program and varies depending on several factors, such as the type of loan and whether it's the veteran's first VA loan.
Assumability
VA loans are assumable, which means they can be transferred to a subsequent buyer if that person is also VA-eligible. This can be a benefit in a high-interest rate environment or if you need to sell your home quickly.
Foreclosure Avoidance
The VA helps borrowers experiencing financial hardship prevent foreclosure.
Variety of Eligible Property Types
VA loans can be used to purchase a variety of property types, including single-family homes, condos, new construction, manufactured homes, and multi-unit properties.
Reusable Benefit
Your VA entitlement is reusable. This means that if you pay off your first VA loan, you can use the benefit again for another VA loan.
Our Service Commitment
Get Expert Advice every time from a licensed loan officer with a suite of products to choose from.
Our team strives to deliver excellence. Contact us day or night with any mortgage questions—we’re here when you need us.
Working with us or just thinking of it, we will always be honest and transparent. No sales targets means way better service!
No Hidden Fees: We believe in clear and upfront communication about all costs associated with your mortgage.
Tailored Solutions: Our advisors work closely with you to find mortgage solutions that are customized to your financial situation.
Available When & Where
You Want!
Across multiple states, our licensed loan officers will help you from application to funding and beyond.
We work on your schedule. With streamlined technology and dedicated support staffing, your mortgage request is always our priority!
Largest Lender Network in Florida, Georgia & Texas
Available When & Where You Want!
Across multiple states, our licensed loan officers will help you from application to funding and beyond.
We work on your schedule. With streamlined technology and dedicated support staffing, your mortgage request is always our priority!
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Meet Our Team
Angle Ogbele
Natasha Staplowski
Darnell Smith
Arlan Zuberi
Meet Our Team
Angle Ogbele
Natasha Staplowski
Darnell Smith
Arlan Zuberi
What Are VA Loans?
VA loans are a type of mortgage loan available to U.S. veterans, service members, and surviving spouses who have not remarried. They are issued by private lenders—such as banks and mortgage companies—and are guaranteed by the U.S. Department of Veterans Affairs (VA). This government backing allows lenders to offer VA loans with favorable terms to borrowers who qualify.
How Does a VA Loan Works?
Loan Insurance: The FHA provides mortgage insurance to approved lenders, which protects the lender against losses if the homeowner defaults on the loan.
Borrower Requirements: To qualify for an FHA loan, borrowers need a minimum credit score and a down payment as low as 3.5% of the home's purchase price. The exact requirements can vary and are subject to change, so it's important for borrowers to check the current standards.
Approved Lenders: Borrowers must obtain their loan through an FHA-approved lender. These lenders have been vetted and approved by the FHA to issue loans that are insured by the federal government.
Mortgage Limits: The FHA sets limits on how much money can be borrowed, which vary by county and are adjusted annually.
Mortgage Insurance Premiums: Borrowers must pay an upfront mortgage insurance premium (UFMIP) at the time of closing, which is financed into the loan amount. Additionally, there is an annual mortgage insurance premium (MIP) that is paid monthly as part of the mortgage payment.
Property Appraisal: The FHA requires that the property being purchased meets certain safety, security, and soundness standards. An FHA-approved appraiser must inspect and appraise the property.
Loan Terms: FHA loans come with different term options, ranging from 15 to 30 years, and can be fixed or adjustable-rate mortgages (ARMs).
Closing the Loan: Once all the requirements are met, and the property is approved, the loan can close, and the borrower can proceed with the purchase of the home.
Occupancy: FHA loans generally require the borrower to occupy the property as their primary residence.
Overall, VA loans are designed to make homeownership more accessible to those who have served their country and to provide them with benefits that reflect their service.
Benefits of VA Loans
No Down Payment: VA loans often require no down payment, enabling you to purchase a home without years of saving.
No Private Mortgage Insurance (PMI): Unlike conventional and FHA loans, a VA loan doesn't require monthly PMI. This can lead to significant monthly savings for homeowners.
Limited Closing Costs: Legislation limits the closing costs lenders can charge to VA loan applicants. This helps reduce the amount of money veterans need to bring to closing.
Competitive Interest Rates: VA loans have lower interest rates than conventional loans, which reduces the long-term cost of borrowing.
No Prepayment Penalty: VA borrowers can pay off their home loan at any point without having to worry about a prepayment penalty.
VA Funding Fee: While there is no PMI, VA loans come with a VA funding fee, which can be financed with the loan. This fee helps to fund the VA home loan program and varies depending on several factors, such as the type of loan and whether it's the veteran's first VA loan.
Assumability: VA loans are assumable, which means they can be transferred to a subsequent buyer if that person is also VA-eligible. This can be a benefit in a high-interest rate environment or if you need to sell your home quickly.
Foreclosure Avoidance: The VA helps borrowers experiencing financial hardship prevent foreclosure.
Variety of Eligible Property Types: VA loans can be used to purchase a variety of property types, including single-family homes, condos, new construction, manufactured homes, and multi-unit properties.
Reusable Benefit: Your VA entitlement is reusable. This means that if you pay off your first VA loan, you can use the benefit again for another VA loan.
Features of VA Loans
No Down Payment: VA loans often require no down payment, enabling you to buy a home without years of saving.
No Private Mortgage Insurance (PMI): Unlike conventional and FHA loans, a VA loan doesn't require monthly PMI. This can lead to significant monthly savings for homeowners.
Limited Closing Costs: Legislation limits the closing costs lenders can charge to VA loan applicants. This helps reduce the amount of money veterans need to bring to closing.
Competitive Interest Rates: VA loans have lower interest rates than conventional loans, which reduces the long-term cost of borrowing.
No Prepayment Penalty: VA borrowers can pay off their home loan at any point without having to worry about a prepayment penalty.
VA Funding Fee: While there is no PMI, VA loans come with a VA funding fee, which can be financed with the loan. This fee helps to fund the VA home loan program and varies depending on several factors, such as the type of loan and whether it's the veteran's first VA loan.
Assumability: VA loans are assumable, which means they can be transferred to a subsequent buyer if that person is also VA-eligible. This can be a benefit in a high-interest rate environment or if you need to sell your home quickly.
Foreclosure Avoidance: The VA helps borrowers experiencing financial hardship prevent foreclosure.
Variety of Eligible Property Types: VA loans can be used to purchase a variety of property types, including single-family homes, condos, new construction, manufactured homes, and multi-unit properties.
Reusable Benefit: Your VA entitlement is reusable. This means that if you pay off your first VA loan, you can use the benefit again for another VA loan.
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