VA Loan Eligibillity:
You are probably eligible if you've served:
- 90 days on active duty
- 181 days during peacetime
- 2 years if enlisted in the post-Vietnam era (after May 7, 1975)
- 6 years in the National Guard or Reserves
Eligibility is also available for:
- An unmarried surviving spouse
- A spouse of service member who is POW/MIA
VA Loan Benefits
Lower rates: VA home loan rates are some of the lowest available.
Minimal Documentation: The VA streamline refinance requires very little documentation, which allows you to start saving money faster. It is simply the best refinance program available today.
No Appraisal Required: There's no appraisal required for the VA streamline refinance. You can qualify even if you owe more than your home is worth.
No Money Down: Qualified veterans can buy a home with no money down. The VA home loan removes the barriers that keep many homebuyers from buying their dream home.
No Mortgage Insurance: VA loans don't require monthly mortgage insurance. This allows qualified veterans to buy more home for their money compared to any other loan type.