VA Loan Program | Proudly Serving the Military Community

If you’re a veteran or an active duty military service member and are in the market to buy a home, you need to be taking advantage of the VA loan program.

The VA loan program has helped thousands of veteran and active duty service members realize their dreams of home ownership. And Homespire Mortgage is proud to be a VA-approved lender. 

Let’s break down what a VA loan is and the many benefits this program has to offer.

First, what is it? A VA loan is a mortgage loan that is issued by private lenders, like Homepsire Mortgage, and backed by the US Department of Veterans Affairs, or VA.

What are the benefits of a VA loan?

  • First, there are fewer restrictions to qualify, and as of the time of this video, you can qualify with a credit score as low as 620.
  • One of the best things about VA loans is that you don’t need a down payment. That’s right – zero downpayment, 100% financing.
  • Unlike traditional mortgages that may require you to pay Private Mortgage Insurance, or PMI, VA loans don’t.

Are there fees associated with VA loans? While there are no lender fees, there is a funding fee for VA loans. But if you have a 10% service-connected disability rating or higher from the VA, then that fee is waived. And just to be clear – that disability must be service-connected.

Am I eligible? Of course, there are certain criteria that you’ll have to meet for eligibility; for example, how long you’ve served (180 days of active duty or 90 days if in a combat zone). Surviving spouses may also qualify if the service member died while on active duty or was retired.

Are there any restrictions to the home I can buy? There are also some restrictions; for example, the home you purchase must be your primary residence. It can’t be an investment property or a fixer-upper. 

You’ll also need to obtain a Certificate of Eligibility. But don’t worry, your Homespire Loan Officer can help you with that and answer any questions you may have about eligibility and restrictions.

At Homespire Mortgage, we honor the service and sacrifice of our country’s Veterans and military. We are proud to be a VA-approved lender and serve you. It’s our way of saying thank you for giving us a safe place to call home.

Visit to learn more about the VA loan program and to get in touch with your expert mortgage advisor.