What are VA loans? Can I qualify for a VA loan?
A. While VA loans are for veterans who meet certain criteria, active military personnel may also be eligible. They are guaranteed by the Veteran’s Administration, and they do not require a down payment. In some cases, the seller may be willing to pay for all or part of the closing costs, allowing qualified veterans to purchase a home with little or no money down. To find out if you qualify for a VA loan, obtain an 1880 Form from your Loan Officer. Once you have completed the form, take the 1880 Form and your discharge papers or DD214 to your local VA office to determine your eligibility.
