New Jersey VA Loans

What is a VA – Guaranteed Home Loan

VA Guaranteed Home Loans (VA Loans) are made by private lenders (banks, savings and loans, and mortgage companies). There loans are made to eligible veterans for the purchase of a home for themselves and their families (owner occupied only).

VA does not actually make the loan. The Veterans Administration only guarantees the loan. They guarantee the lender who makes the loan will not lose money if the payments are not made. This encourages lenders to make loans to veterans with more favorable terms, such as 100% financing, low rates, and low fees.

What Can a VA – Guaranteed Home Loan be used for?

A VA Loan can be used to buy a home, build a home, repair or improve a home, or to refinance a home to reduce the interest rate.

Who is Eligible for a VA Loan?

  • A Veteran (served 181 days during peacetime or 90 days during war)
  • Reservist or National Guard (served 6 years)
  • A Veteran Married to a Non Veteran
  • Two Married Veterans
  • Unmarried Surviving Spouse of a Veteran 
    (Veteran must have died due to service or service related causes)
  • Spouse of any member of the Armed Forces serving active duty whois listed as M.I.A or a P.O.W. and listed for more than 90 days 

What are some of the advantages of a VA – Guaranteed Home Loan?

  • Zero Down Payment
  • Limited Closing Costs
  • No Monthly Mortgage Insurance
  • VA Funding Fee can be Financed
  • Mortgages are Assumable
  • Easy Refinancing to Lower Rates

How Do I Prove that I am Eligible for a VA Loan?

The good news is most information can be accessed online in a few minutes!

Click Here or the Logo Below for full instructions on how to register and access your Certificate of Eligibility (COE) from the United States Department of Veteran Affairs website.Call or email me anytime for more information or a pre-approval for a home purchase.

Best Regards,

Mark Robinson Sr.

(732) 207-8434

Thank You for Your Service to Our Country.