Shane Corrigan

NMLS # 313400


Shane Corrigan Sr. Loan Officer
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VA Loans

What is a VA Loan?

If you or your spouse have served in the military, congratulations, you may qualify for a VA loan! VA loans are often considered the best loans for homeowners. VA loans offer some of the lowest, fixed interest rates–lower than a conventional loan. 

You can get a VA loan with $0 down! If your credit score is below 580, you will need to put 10% down (with a minimum credit score of 550). 

VA loans do not have PMI. There is, however, a VA funding fee; the amount varies a bit depending on some factors, but it can be rolled into the loan amount. (Disabled veterans are exempt from the funding fee.) There are loan limits for VA loans, and they can only be used for a primary residence.

Tip: To prove you qualify for a VA loan, you’ll need to get a Certificate of Eligibility (COE) from the Department of Veterans Affairs. Veterans will also need to provide DD Form 214. You can save some time later by requesting these forms early on. 


Want to own more properties?

Each borrower may qualify for up to 10 total conventional and FHA loans. (A married couple can have 20 loans combined, 10 each in their own name if they can qualify.)

If you’re a real estate investor looking to buy more properties or commercial properties, or you’re self-employed or can’t meet the lending criteria for the loan types we have discussed, don’t worry. There’s another type of loan called a “nonQM,” or non-qualified mortgage, that can open up more options. We can help you with those, too.

Get Pre-approved for a VA Loan Today!

Start Your Pre-Approval Now