VA Home Loans

VA, also known as the Department of Veteran Affairs, offers to qualifying current and ex-members of the Armed Forces (to include the Reserves and National Guard) guaranteed mortgages up to 100% of the value of the property they are purchasing. Based upon a person's "eligibility", home loan amounts can be as high as $359,650.

VA home loans are fixed rate mortgages with terms of either 15 or 30 years. Since the VA guarantees the mortgage, there is no mortgage insurance. However, the VA requires the borrower to pay a funding fee ranging from 0.5% to 3% for the mortgage (this fee is waived for qualifying disabled veterans). In addition, VA home loans are fully assumable by a qualifying borrower.

VA guaranteed loans are made by mortgage lenders, such as Sun Nations Mortgage. If the home loan is approved, VA guarantees the loan when it is closed. The guaranty means the lender is protected against loss if you or a later owner fails to repay the VA home loan.

What are VA home mortgage loans?
Explore your mortgage options by financing your home with VA guaranteed loans!  Learn what it takes to qualify and maximize your financing potential with VA home mortgages.

Who is eligible for a VA home loan? 
Wondering if you qualify for a VA home loan?  Look no further than here to see if you are eligible for VA mortgages.

Why choose a VA home loan for mortgage financing?
Many have often wondered about the advantages and disadvantages of VA guaranteed financing.  Learn about them here.

How to obtain your Certificate of Eligibility
Are you ready to begin house hunting but do not know how or where to obtain your certificate of eligibility?  Find out how in this section.