VA home loans are a fantastic option for eligible veterans, active-duty service members, and certain reservists, particularly in states like North Carolina, South Carolina, Virginia, Georgia, and Florida. 

No Down Payment Required

Qualified borrowers can finance 100% of the home’s value without needing a down payment and there is no loan limit on your VA loan as long as you qualify (different states have different requirements).

No Private Mortgage Insurance (PMI)

Unlike conventional loans, VA loans don’t require PMI, saving borrowers a lot on their monthly payments.

Competitive Interest Rates

VA loans typically offer lower interest rates, which can make monthly payments more affordable.

Flexible Credit Requirements

VA loans often have much more lenient credit requirements, making it easier for veterans with less-than-perfect credit histories to qualify. This is a biggie!

Limits on Closing Costs

The VA restricts certain fees to keep closing costs low, and a lot of the costs can be covered by sellers.

Foreclosure Protection

The VA provides resources to help borrowers avoid foreclosure if they encounter financial difficulties.

General Requirements

Borrowers need a Certificate of Eligibility (COE) from the VA to prove their eligibility. More often than not, a one-time VA funding fee applies, which can be financed into the loan. If you receive disability at all from the VA, this funding fee is typically waived. We will research this for you when we pull up your COE.

Consideration for Specific States

Each state has veteran-specific benefits that can enhance the value of a VA loan, so working with a knowledgeable lender familiar with these regional advantages can make the process easier and more rewarding for veterans.

• North Carolina and South Carolina: North Carolina offers grants to veterans through the NC Housing Finance Agency, which can be paired with VA loans to reduce costs. Both NC and SC have a large military presence, with many resources dedicated to veterans transitioning to civilian life, including financial counseling and homeownership support.
• Virginia: Virginia offers property tax exemptions for certain disabled veterans, lowering homeownership costs.
  Home to many veterans, Virginia has a high number of lenders and resources experienced with VA loans, making the process smoother for buyers.
• Georgia: Many builders and agents in Georgia are well-versed in VA loans, which is particularly helpful and Georgia offers state tax benefits and exemptions on certain fees, which can lower housing costs further.
• Florida: Florida offers significant property tax exemptions for veterans with disabilities, which can be a considerable long-term saving. With many military bases, veterans have access to well-established support networks.