Mortgage Programs
VA Loans
U.S. Dept. of Veterans Affairs (VA) Loans offer competitive interest rates compared to conventional mortgages, helping service members save money over the life of their loan.
First, We Would Like To Thank You For Your Service
U.S. Dept. of Veterans Affairs (VA) loans are federally insured which gives borrowers access to favorable terms. The goal is to increase homeownership among military personnel, veterans, and their families
The availability of VA loans with low or no-down payment options have made homeownership more attainable for many who may not have had sufficient savings for a down payment. VA Loans often offer competitive interest rates compared to conventional mortgages, helping borrowers save money over the life of the loan. Additionally, the absence of private mortgage insurance (PMI) lowers monthly payments, making homeownership more affordable.
VA Loans also offer flexibility in terms of credit requirements and qualification criteria. These loans are available to active duty and retired servicemen and women.
GRB is a direct-endorsed underwriter for VA Loans. That means we process, approve, and underwrite VA Loans right here locally. This keeps the mortgage process smooth and stress-free.
VA Loan Guidelines
In order to secure a VA Loan, military personnel need to obtain a Certificate of Eligibility (COE). The COE verifies the borrower’s military service history and confirms their eligibility for the loan program. You can apply for a COE online.
VA loans are available with:
- Low or no down payment options available
- VA loans can only be used for a primary residence
- Fixed or adjustable rate options
- Sellers can pay up to 100% of closing costs for a VA loan
- VA loans do not require Mortgage Insurance premiums
Contact Our Mortgage Team
Click the button below to fill out our ‘Contact Us’ form, and a GRB Mortgage Originator will be in touch to answer your questions!