VA Home Loans for Veterans and Active Duty Service Members

COMPETITIVE RATES, FLEXIBLE TERMS, AND PERSONALIZED SERVICE

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VA HOME LOANS

Blue Arrow Lending is proud to offer VA home loans to help veterans and their families achieve homeownership. As a VA-approved lender, we understand the unique needs of our military borrowers and offer personalized guidance throughout the home loan process. Our experienced team of loan officers can help you navigate VA loan eligibility, requirements, and benefits to find the best loan options for you. We also offer refinancing options for those looking to lower their monthly mortgage payments or access cash from their home equity. Contact us today to learn more about our VA loan program and start your journey to homeownership.

WHY CHOOSE A VA LOAN?

Choosing a VA loan can provide numerous benefits for eligible military borrowers. VA loans often offer lower interest rates and require no down payment, making them more affordable than many other loan options. They also do not require mortgage insurance, which can save borrowers thousands of dollars over the life of the loan. VA loans also have flexible credit and income requirements, making them more accessible for borrowers who may not qualify for other loan programs. Additionally, VA loans can be used to purchase or refinance a primary residence, including single-family homes, condos, and townhouses.

VA LOAN LIMITS

There is no max loan amount if it’s the Veteran’s only existing VA loan. Va loans require as little as $0 down, have 21-30 day turn-times, and are one of the best loan programs available on the market.The VA loan program offers many benefits for eligible military members and veterans, including no down payment requirement, competitive interest rates, and no private mortgage insurance (PMI) requirement. Additionally, VA loans have flexible credit and income requirements, making them a great option for many homebuyers.

VA LOAN ELIGIBILITIES & REQUIREMENTS

VA loans are available to active-duty service members, veterans, National Guard or Reserve members, and surviving spouses. Eligibility is based on the length and type of service, and it can vary depending on the specific loan program. To be eligible, applicants must have a valid Certificate of Eligibility (COE) and meet certain credit and income requirements. VA loans also have property requirements, including the property being used as the borrower’s primary residence, and meeting VA’s Minimum Property Requirements (MPRs). Blue Arrow Lending can help determine your eligibility and guide you through the application process.

TYPES OF PROPERTY ELIGIBLE FOR VA LOANS

VA loans can be used to purchase a variety of properties, including single-family homes, condominiums, townhouses, and multi-unit properties with up to four units. In addition, VA loans can also be used to finance the purchase of a manufactured or modular home, as long as it meets certain VA requirements for construction and installation. It’s important to note that the property being purchased must be intended as the borrower’s primary residence and must be located in the United States or its territories. Additionally, the property must be in good condition and meet certain minimum property requirements set by the VA.

BLUE ARROW LENDING: GET PRE-APPROVED FOR A VA HOME LOAN

At Blue Arrow Lending, we understand that obtaining a VA home loan can be a complex and overwhelming process. Our team of experienced professionals is dedicated to providing excellent service and guidance throughout the loan process. We are committed to helping veterans and active-duty service members achieve their homeownership goals.

With a wide variety of VA loan programs and options available, our team works with each client to find the best loan product to meet their unique needs. Our streamlined process makes it easy to get pre-approved for a VA home loan, and our knowledgeable team is always available to answer any questions that may arise. Choose Blue Arrow Lending for a smooth, stress-free VA loan experience. Contact us today to start the pre-approval process for your VA home loan.

REVIEWS

I worked with Jenn for an FHA loan and she has been a god send throughout the entire process. I felt at ease working with her and the team. Being my first time buying a house, I cannot recommend Blue Arrow Lending enough!! I plan on continuing to work with this team during future purchases!

-JM

JM

Blue Arrow Lending exceeded my expectations in every way. They were professional, efficient, and went above and beyond to ensure that my loan was tailored to my specific needs. I would recommend them to anyone looking for a bridge loan.

Mark P.

I was hesitant to try the buy before you sell strategy, but Blue Arrow Lending made it possible. Their team provided me with a customized loan option that worked perfectly for my situation. I’m now living in my dream home, and I couldn’t be happier with the service I received.

Sarah K.

Blue Arrow Lending made the home buying process so easy and stress-free. Their team was incredibly helpful and responsive throughout the entire process. I would highly recommend them to anyone looking for a bridge loan.

John L.

Working with Blue Arrow Lending was a great experience. Their team was professional, responsive, and helped me secure the funding I needed to grow my business. I highly recommend their services.

Tom S.

I needed funding for my small business, and Blue Arrow Lending provided the perfect solution. They took the time to understand my business and provided a flexible financing option that met my needs. I couldn’t be happier with the service I received.

Sarah L.

Blue Arrow Lending helped me secure a fix and flip loan quickly and efficiently. Their team was knowledgeable and provided expert guidance throughout the process. I highly recommend their services.

John M.

Blue Arrow Lending helped me secure an FHA loan with a great interest rate. I couldn’t be happier with the service I received.

Michael S.

I highly recommend Blue Arrow Lending for anyone in need of an FHA loan. Their team was professional and helpful every step of the way.

Sarah L.

I had a great experience working with Blue Arrow Lending for my FHA loan. They were responsive, knowledgeable, and made the entire process as smooth as possible.

John D.

I was hesitant about applying for a USDA loan, but the team at Blue Arrow Lending made everything easy and straightforward. They walked me through the process step-by-step and answered all of my questions. Thanks to them, I was able to purchase my dream home in a rural area. I highly recommend Blue Arrow Lending!

John R.

Working with Blue Arrow Lending was an amazing experience! Their team was incredibly knowledgeable and helpful throughout the entire loan process. They made everything easy and stress-free, and we couldn’t be happier with our new home. We highly recommend Blue Arrow Lending to anyone looking for a USDA loan.

Sarah C.

Contact information

    Frequently Asked Questions

    How long does it take to get approved for a VA Loan?
    The timeline for approval can vary depending on the lender and individual circumstances, but typically it takes anywhere from 21 to 30 days.
    Can I use a VA Loan to buy a second home or investment property?
    No, VA Loans are only intended for primary residences, so you cannot use them to purchase a second home or investment property.
    Can I use a VA Loan to refinance my current mortgage?
    Yes, you can use a VA Loan to refinance your current mortgage through the VA’s many refinance options available, including IRRRL, or cash-out loan options.
    What are the closing costs for a VA Loan?
    The closing costs for a VA Loan can vary depending on the lender and other factors, but they typically range from 2% to 3% of the loan amount for Blue Arrow whereas other lenders are more expensive.
    How do I get my Certificate of Eligibility for a VA Loan?
    You can apply for a Certificate of Eligibility (COE) for a VA Loan through the VA’s eBenefits website, by mail, or through your lender.
    Can I use a VA Loan to build a new home?
    Yes, you can use a VA Loan to build a new home through the VA’s Construction Loan program.
    What types of properties can I buy with a VA Loan?
    You can use a VA Loan to purchase a variety of properties, including single-family homes, condos, townhouses, and multi-unit properties up to four units.
    Can I use a VA Loan to buy a condominium?
    Yes, you can use a VA Loan to buy a condominium as long as the condo is VA-approved.
    Are there any restrictions on using a VA Loan for a mobile home?
    Yes, there are certain restrictions on using a VA Loan for a mobile home. The home must be affixed to a permanent foundation and meet certain HUD standards.
    Can I use a VA Loan to make home improvements?
    Yes, you can use a VA Loan to make home improvements through the VA’s Cash-Out Refinance program.
    What happens if I default on my VA Loan?
    If you default on your VA Loan, the VA may work with the lender to help you avoid foreclosure. If foreclosure is unavoidable, the VA may be able to help you find alternative housing options.
    How does a VA Loan compare to other types of mortgages?
    VA Loans often offer more favorable terms than other types of mortgages, including lower interest rates and no down payment requirements.
    Where can I find a lender that offers VA Loans?
    Many lenders offer VA Loans, including banks, credit unions, and mortgage companies. You can check with the VA or do a search online to find a lender that offers VA Loans.