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Veterans mortgages, also known as VA home loans, serve all of the same functions as a conventional loan, and can be used to buy or refinance a home. Over the years, Blue Water Mortgage has helped service members and veterans from throughout New England apply for and get qualified for VA home loans through a variety of private lenders and local banks.

What is a VA Home Loan?

A VA home loan is a mortgage loan issued by approved lenders and guaranteed by the federal government. A VA home loan is considered to be one of the most “unique and powerful” loan programs ever created.

Benefits of VA Home Loans

  1. No down payment
  2. No mortgage insurance
  3. Low interest rates compared to other loans
  4. Similar qualification standards to conventional loans

What Are the Qualifications for a VA Loan?

A VA home loan is available to service members, veterans and eligible surviving spouses. Specific requirements vary depending upon your individual needs, but are mostly straightforward. Qualifications for a VA home loan include:

  1. Satisfactory credit
  2. Sufficient income to meet the expected monthly obligations
  3. A valid Certificate of Eligibility
  4. Must meet service requirements according military status

Blue Water Mortgage is proud to offer VA home loan assistance to qualified former and current veterans of the armed services. Contact us today to learn if you’re eligible.

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