Moreno Valley VA Loans

What Is a VA Loan?

VA loans are $0 down mortgage options available to military Veterans, Service Members, and select military spouses. VA loans are more affordable than other home loan programs and are issued by private lenders such as mortgage companies or banks and are guaranteed by the U.S. Department of Veterans Affairs (VA).

If you served our country, you deserve a special mortgage opportunity in return for your service. Rightfully so, VA loans offer loan options that include no down payment, lower interest rates than conventional loans as well as other special loan terms offered exclusively for veterans and service members of the US military.

The VA Loan Process

In order to be eligible for a VA loan, you or your spouse must have a valid Certificate of Eligibility (COE). You or your spouse must meet the minimum service requirements set by the Department of Veterans Affairs (VA) and must also meet the lender’s credit and income requirements.

You may be eligible for a VA loan by meeting one or more of the following requirements:

• You have served 90 consecutive days of active service during wartime.
• You have served 181 days of active service during peacetime.
• You have at least 6 years of service in the National Guard or Reserves.
• You are the spouse of a service member who became disabled as a result of a service-related incident or has died in the line of duty.