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VA Home Mortgage Loans

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

  • No down payment
  • No cash reserves
  • No application fee
  • No monthly mortgage insurance premiums
  • VA funding fee may be financed
  • Seller can pay certain closing costs thus decreasing the closing costs for borrower
  • Low interest rates compared to other loans
  • 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.

Why Blue Water?

Blue Water’s team has over 150 years of collective mortgage experience we have the knowledge and ability to get your loan closed on time with the best terms and lowest rates for you.

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Blue Water Mortgage Customer Reviews

The loan experience could not have been any better. As a first-time Home Buyer, I had questions and Blue Water Mortgage was willing and able to answer them all.  I would recommend Blue Water to anyone looking for a home mortgage.

Jane S. Bedford, NH

I would recommend the organization with a 10 out of 10. They worked through a ton of grey area to get through a few last minute road blocks. I really felt like they were putting in the extra effort for me. I would absolutely recommend Blue Water to any first time home buyer.

Dan V. Kittery, ME

My experience with Blue Water Mortgage was fantastic. The representatives were very professional and treated me as though I was their most important customer. I was a first time home buyer and Blue Water Mortgage took the stress out of a normally stressful process.

My experience with Blue Water Mortgage was fantastic. The representatives were very professional and treated me as though I was their most important customer. I was a first time home buyer and Blue Water Mortgage took the stress out of a normally stressful process.

Home Loan Resources

Worksheet

Use our Down Payment Worksheet to get a idea of what you can afford to spend.

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Checklist

Gathering the documents in this checklist will help speed up the application process.

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10 Questions to Ask When Buying a Home
eBook

This ebook will help you better understand the home buying process so you can make a more informed buying decision.

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Please be advised that your actual rate, payment, and cost could be higher. Get an official Loan Estimate before choosing a loan. This estimate is provided for informational purposes ONLY, to assist you in determining an estimate of cash that may be required to close and an estimate of your proposed monthly mortgage payment. Actual charges may be more or less, and your transaction may not involve a fee for every item listed.

Rate and APR based on the following assumptions: Purchase Price of $250,000, loan amount of $200,000, 80% loan to value, 740 credit score, single family property, primary residence, escrowing taxes and insurance, debt ratio within program guidelines.