ACTIVE MILITARY
The U.S Department of Veterans Affairs offers affordable home loans for Active Military Personnel, as well as Veterans. The loans, provided by private lenders (banks and mortgage companies), do not typically require a down payment or mortgage insurance, as the VA guarantees a portion of the loan against loss, allowing the lender to provide more favorable terms.
Eugene and Audra proudly served in the US Armed Forces and are passionate about assisting veterans with their home buying process. Both are advocates for veterans, and volunteer with the Veterans Association of Real Estate Professionals, where Eugene serves as the Governmental Affairs Director for the State of Georgia
myth busters
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Only Veterans are eligible for VA loans. Both active service members, and veterans may qualify for VA Loans.
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You have loan limits. Eligible Veterans, service members, and survivors with full entitlement no longer have limits on loans over $144,00. This means you won’t have to pay a down payment, and the VA guarantees your lender that if you default on a loan over $144,000, the VA will pay them up to 25% of the loan amount.
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Surviving spouses of Veterans do not qualify for a VA-backed home loan. Surviving spouses of Veterans may qualify for a VA home loan, but would 1st need to contact the VA and request a COE, Certificate of Eligibility. Once obtained, eligible spouses would then work with a lender to get qualified for a VA loan based on other qualifications like credit and employment.
