The Real Deal About VA Loans


The VA Loan program has so many awesome benefits for our active duty and Veteran home buyers, and Homespire Mortgage is proud to be a VA-approved lender. If you’re a Veteran or Active Duty military, read on to find out how you can benefit from a VA loan.

First of all, what are VA loans and what sets them apart from a traditional mortgage loan?

A VA loan is a mortgage loan guaranteed by the United States Department of Veterans Affairs.

Who’s eligible?

Veterans, Active Duty, National Guard, and Reserve Armed Forces service members. There is a minimum service requirement depending on how long you served, when you served, and who you served with. You’ll need to provide your Certificate of Eligibility (COE), but we can help you obtain that, no problem.

What are the benefits?

  • You can buy a home with 0% down. That’s right – you read that right – no downpayment is required.
  • You’re not required to pay Private Mortgage Insurance (PMI).
  • If you’re a disabled Vet with at least a 10% “service connected” disability rating your funding fee is waived.

Are there restrictions?

Yes. The property must be primary your residence. It can’t be an investment property, business, or a fixer-upper. For other restrictions, you’ll want to talk with your Homespire Loan Officer.

To all of our Veterans and those who are currently serving, thank you for your service. You took care of your country, now give us the opportunity to take care of you. If you are a Veteran or Armed Forces service member and would like to explore your home buying options, please give your Homespire Loan Officer a call. To learn more about VA loans, please visit