​The VA Loan is a home-mortgage option available to United States Veterans, Service Members and not remarried spouses. VA Loans are issued by qualified lenders and guaranteed by the U.S. Department of Veterans Affairs (VA).

​The Advantages of VA Mortgages

The VA Home Loan is the most powerful home buying tool in the industry. The GI Bill reshaped post-War America, and the VA Loan Guaranty Program has surged since the housing crash. VA Mortgages help Service members, Veterans, and eligible surviving spouses become homeowners. As part of our mission at Mortgage 1 and our most rewarding, we are pleased to announce we are one of the top two lenders in our home market in 2016.  VA guarantees a portion of the loan, enabling Mortgage 1 Inc. to provide more favorable terms.

* Primary Residence Only
* NO Mortgage Insurance
* Max Loan Amount: $424,100 (Up in 2017)
* FICO 620+
* Mortgage can be Assumable for Other Veterans
* Flexible Down Payment Options.

What Seller Contributions are allowed with VA?

100% of Closing costs and up to 4% on
​* VA Funding Fee
* Paying off Debt/Judgment
* Pre-paid items

Purchase Loans help you purchase a home at a competitive interest rate often without requiring private mortgage insurance.

Interest Rate Reduction Refinance Loan: also called the Streamline Refinance Loan can help you obtain a lower interest rate by refinancing your existing VA loan.

Eligibility Requirements

Your length of service or service commitment, duty status and character of service determine your eligibility for specific home loan benefits. 

Purchase Loans and Cash-Out Refinance: VA-guaranteed loans are available for homes for your occupancy or a spouse and/or dependent (for active duty service members). To be eligible, you must have satisfactory credit, sufficient income to meet the expected monthly obligations, and a valid Certificate of Eligibility (COE).

You can obtain a COE through eBenefits, by mail, and often through your  lender.