VA Home Loans

The VA loan program started in the wake of World War II for service members returning from overseas. It was an affordable way for military personnel to become homeowners. VA loan requirements have shifted over time, but the basic concept remains the same. Qualifying veterans and active service members can get low interest rates and favorable terms when refinancing or purchasing a home.

Requirements for VA home loan eligibility include:

• An active duty member of the armed forces
• A veteran
• In the National Guard
• In the Reserves
• A surviving spouse of a military service member who has not remarried

Through the VA program, the government guarantees the loan made by independent VA lenders, like Freedom Mortgage, that give you the mortgage. The VA home loan program is generally very affordable with a lower then average mortgage rate since the government takes away the risk from the mortgage lender.

VA home loan requirements

The specific requirements of each VA lender varies from lender to lender. For example, you still would need to qualify for the loan based on your income and assets. To start the loan process, you’ll need to gather some basic information to provide us when you call:

• Social Security numbers
• Former addresses
• Former employers
• Salary information
• Banking information
• Information on other real estate owned
• Certificate of Eligibility
• Tax information