VA loans are guaranteed by the U.S. Department of Veterans Affairs, giving eligible borrowers some of the best terms available.
Eligible buyers can finance up to 100% of the home's value.
VA loans don't require PMI, which keeps monthly payments lower.
VA rates are often lower than rates on comparable conventional loans.
The VA doesn't set a minimum credit score, and lenders look at your overall profile.
The VA restricts certain fees, and sellers can contribute toward your costs.
Your VA benefit can be used more than once over your lifetime.
To use a VA home loan, you'll typically need:
Eligible Service – Veterans, active-duty members, and National Guard or Reserve members who meet service requirements.
A Certificate of Eligibility (COE) – We can help you request it.
Eligible Surviving Spouses – Some spouses of service members also qualify.
Stable Income – Enough residual income to cover living expenses after your mortgage payment.
A Primary Residence – The home must be where you plan to live.
Answer a few quick questions about your plans, and a Woodcrest loan officer will reach out with options tailored to this loan program.
Get quick answers to the most common questions homebuyers ask. Our FAQ section is designed to help you understand the mortgage process, explore your options, and feel confident every step of the way.
Yes, for eligible borrowers with full entitlement. You can still choose to put money down to lower your payment.
A one-time fee that helps fund the program. It can be financed into the loan, and veterans with a service-connected disability are usually exempt.
Yes. Your entitlement can be restored after you sell and pay off a VA loan, and in some cases you can have two VA loans at once.
The Interest Rate Reduction Refinance Loan lets current VA borrowers refinance to a lower rate with minimal paperwork.
