VA HOME LOAN EXPERTS

We help veterans like you buy their dream homes.

Our team of VA experts at JVM Lending will help you take full advantage of your VA loan benefits.

Today’s VA loan rates

Benefits of VA loans

Very low interest rates with no loan limits**

0% Down payment options available*

No mortgage insurance

Very flexible qualifying guidelines

No-hassle pest inspections

A VA Homebuying Story From One of JVM's Own:

My husband Robert and I purchased a home in 2017 using our VA benefits. This was our first experience using a VA loan. We ended up selling that home, had our benefits restored, and used a VA loan again to purchase our current home.

Our appraisals came in at value, even in competitive markets where we had to bid higher than the list price to win the deal.

The VA loan is one of the best benefits available to those with military service and I would encourage all service members (past and present) to take advantage of it!

- Jenna & Robert

Jenna is a Senior Manager in charge of JVM’s VA Lending Programs & Robert served in the U.S. Navy.

FAQ

What is a VA loan?

A VA loan is a government-backed mortgage specifically designed for veterans and surviving spouses. The U.S. Department of Veteran Affairs (VA) guarantees all VA loans, which give them beneficial characteristics like low rates, 0% down payments, and extremely flexible credit underwriting guidelines.

What is the VA loan limit?

As of 2020, loan limits do not apply to VA financing if you have full entitlement ($36,000). Instead, your overall loan qualification will determine your maximum loan amount. For example, well-qualified individuals can purchase up to $3MM with 0% down!

What is a Certificate of Eligibility?

A Certificate of Eligibility is a document awarded to eligible active-duty military members and veterans. You can obtain this document directly from the VA or your lender can order the certificate from the VA’s website. The document will contain the relevant information needed to determine your eligibility for a VA loan, namely the dollar amount of your "entitlement."

I can't find my Certificate of Eligibility. Can I still purchase with a VA Loan?

Yes! If you do not have a copy of your Certificate of Eligibility, one can be ordered either through the VA website or via mailed request. If you're a Veteran, you will need to have a copy of your DD214 (or other discharge documents). If you're an active-duty service member, you'll need a statement of service signed by your commanding officer.
If you want any help getting these documents, ask our team and we'll walk you through it!

What is "entitlement"?

Entitlement refers to how much of your loan will be guaranteed by the VA. It is expressed as a dollar amount at the bottom of your Certificate of Eligibility (COE). "Full entitlement" is listed as $36,000 and will allow you to purchase a home of any amount for which you qualify without any loan limit. You are not limited to just a $36,000 home! :)
If you have never used your VA loan benefit, your COE should show $36,000.
If you have $0 of entitlement because you own your current home with an outstanding VA loan, your entitlement will be "restored" to $36,000 after you sell your home or pay off/refinance the existing loan. This will enable to you purchase without a loan limit once more with your VA benefit.
If you have any other dollar amount listed on your COE, there will be a limit to your new VA loan amount. So, a down payment or lower purchase price may be required. Calculating these figures can get tricky – our mortgage experts can help determine exactly what is needed!

Can I buy a condo with a VA loan?

Yes! Condominiums are eligible for purchase with a VA loan. However, the condo must be approved ahead of time by the VA. You can search for approved condo's on the VA's website here.

How do I know if a VA loan is the best option for me?

While a VA loan is typically the best option for most veterans, there is no one-size-fits-all for VA mortgage financing.
The best way to determine whether a VA loan makes the most sense for you is to talk to one of our mortgage experts at JVM Lending. Our experts will walk you through monthly payment scenarios, compare current interest rates, and discuss any other questions or concerns you might have!

VA Learning Center

We help veterans like you buy their dream homes.

Our team of VA experts at JVM Lending will help you take full advantage of your VA loan benefits.

*Must have full entitlement. **As of 2020, county loan limits do not apply to VA financing if you have full entitlement. Instead, your credit score will determine the maximum allowable loan amount. Entitlement guarantees that the VA will pay your lender the lesser of up to $36,000 or 25% of your loan amount if you default. Your Certificate of Eligibility (COE) is a document from the Department of Veterans Affairs that confirms your eligibility to obtain a VA home loan and will indicate the amount of entitlement you have available.