THANK YOU!
A VA Loan Expert will be contacting you during normal business hours, 9 am – 5 pm CST.
EVERYTHING YOU NEED TO KNOW
THE BASICS
Learn about the VA Loan Buying Process
ELIGIBILITY
Check for Your VA Certificate of Eligibility
CALCULATOR
Check our Military Pay Calculator
THE CHECKLIST
View the VA Home Loan Checklist
MORTGAGE
See our Free VA Mortgage Guide
CALCULATOR
Debt-to-Income Ratio Calculator
VA Home Loan Benefit
NO DOWN PAYMENT REQUIRED
The VA home loan remains one of the only lending programs on the market that offers a zero down payment* mortgage. Most lending programs require at least some form of down payment, with popular amounts ranging from 3.5% to 20%*. For example, a $200,000 home could mean coming up with a down payment ranging from $7,000 up to $40,000!. Borrowers using the VA loan can purchase immediately with no money down.
NO MONTHLY MORTGAGE INSURANCE
VA loans do not require mortgage insurance, even when the home buyer is putting no money down. As a result, the Veteran not only saves cash upfront but can also save thousands over the lifetime of the loan and give the buyer more purchasing power when shopping for a home.
FLEXIBLE UNDERWRITING GUIDELINES
Qualifying credit factors such as FICO Credit Score, collections, debts and judgments are all considered with common sense underwriting reviews. Not every credit report is indicative of a Veterans true walk in life. At Aligned we work to find a way to make every Veteran a homeowner. Its just common sense. VA loans also allow for a higher debt-to-income ratio than other types of mortgages.
FUNDING FEE
The VA Funding Fee is generally paid by all home buyers using the VA Home Loan Guaranty and it goes directly to the VA to help sustain the program. Factors that impact your Funding Fee include branch of service, down payment amount, number of times used, and disability status.
PURCHASE LOAN
Reduce Fees only apply to purchase loans with a down payment of at least 5%. You must be Active Duty**, Reserve, National
| Down Payment | First-Time User Percentage | Subsequent Use Percentage |
|---|---|---|
|
None |
2.3% |
3.6%* |
|
5% or More |
1.65% |
1.65% |
|
10% or More |
1.4% |
1.4% |
Each – Out / Regular Refinancing Loan
See Purchase Loan Chart for reduced fees on loans with a down payment of at least 5%. You must be Active Duty**, Reserve, National
| First-Time User percentage | Subsequent Use Percentage |
|---|---|
|
2.3% |
3.6%* |
*If the Veteran’s only prior use of entitlement was a manufactured home loan, the higher subsequent use fee does not apply.
** Active Duty includes Reserves and National Guard ordered to active services that meets the eligibility requirements for their area of service. Active Duty does NOT include active duty training.
VA Home Loan Products
Owning a piece of the land you help defend begins here
VA Home Loan
If you are a military Veteran or service member you may have access to buy your next home using a VA Loan.
VA Streamline Refinance
A VA Streamline Refinance, or IRRRL, provides you with a faster way to lower or lock in your interest rate with limited costs.
VA Cash-Out Refinance
VA Cash-Out Refinance allows a borrower to pull equity from the home to utilize for any purposes. (Check with your lender)
*Disclaimer:
Additional specialty products are available based on lending requirements and eligibility.
Speak with your loan officer to discuss specialty products.
EDUCATING VETERANS.
IT’S WHAT WE DO.
Our top priority is to educate and empower military members and veterans about the VA Home Loan Benefit. We aim to assist every veteran in owning a piece of the land they helped defend.
