VA Loans: Home Loans for Veterans

What You Need to Know About VA Mortgages

Whether you’re a soldier returning from active duty, Veteran, family member of a Veteran, reservist or a member of the National Guard, please accept our deepest gratitude for your service to our country. By utilizing our VA resources, you can use your VA Loan benefit as it was originally intended - as a reward for your service and to help you enjoy the next chapter of your civilian life as much as possible.

Without question, one of the best benefits for our service members continues to be the VA Home Loan Program, which has enabled more than 20 million Veterans achieve the American dream of homeownership. Learn more about your VA Benefits.

We are the VA Loan Experts

Founded by James B. Nutter, Sr., a Veteran of World War II. The first loan we ever closed in 1951 was a VA Home Loan - we’ve been helping Veterans with their home loans ever since.

For over 65 years, we have helped Veterans save hundreds, or even thousands of dollars a month, when they purchase or refinance their mortgage with Nutter.

The Basics: What is a VA Home Loan?

The VA Home Loan Program enables Veterans and soldiers who are currently in the service obtain a VA Home Loan to help them buy a house. The U.S. Department of Veterans Affairs establishes the eligibility criteria and program features. Since 1944, the VA has been insuring VA Home Loans which have many attractive features, including 100% financing (zero down payment) for a home purchase and a number of outstanding refinance programs such as a streamline refinance program with no lender fees. Learn more from The Department of Veterans Affairs Home Loans and Housing.

VA Loan Features:

0% down payment option
Fixed Rate or Adjustable Rate
Flexible loan terms (30-year, 20-year, 15-year)
Assumable
No Closing Cost Refinancing option
No appraisal fees
No title fees
No costly discount points
and more!

Frequently Asked Questions (FAQs)

Who is eligible for a VA Home Loan?

  • Veterans
  • Active duty service members
  • Current or former National Guard or Reserve members who have been activated for federal service
  • Current National Guard or Reserve members who have never been activated for federal service
  • Discharged members of the National Guard who have never been activated for federal service
  • Discharged members of the Selected Reserve who have never been activated for federal service
  • Surviving spouses in receipt of D.I.C. (Dependency & Indemnity Compensation)
  • Surviving spouses who aren’t receiving D.I.C. compensation

Learn more about Eligibility Requirements for Servicemembers and Veterans, spouses, and other eligilble beneficiaries.

How long do I have to serve in order to qualify for a VA Home Loan?

  • 181 days during peacetime (active duty)
  • 90 days during wartime (active duty)
  • 6 years in the National Guard or Reserves
  • Spouse of service member who died in the line of duty or due to a service-connected disability

Learn more about Eligibility Requirements for VA Home Loans.

What kind of house can I buy with a VA Home Loan?

Single-family homes, townhomes and condominiums (with VA approval) are eligible, provided you agree to occupy the property. Investment properties and second homes are not eligible for VA Home Loans. Learn more about eligible property types for VA Home Loans.

View our Nutter Guide to Buying a House.

Do I have to make a down payment with a VA Home Loan?

No, in order to help as many Veterans as possible to buy a home, there is no VA down payment requirement. You can always make a down payment if you want to, but you don’t have to.

What is a VA Certificate of Eligibility (COE) and why do I need it?

By far the most important document to locate is your Certificate of Eligibility (COE). This document helps us calculate how much your VA Loan benefit is and therefore how much house you can afford to buy. The COE is a required document. Learn more about your COE.

What if I can’t locate my Certificate of Eligibility (COE)?

Many Veterans are given a hard copy of their COE after they’ve been discharged, but if you’ve misplaced your COE you’ll need to get a new one. Learn more about obtaining your COE. You can also call us at 800-875-7334 if you need help.

Why should I get preapproved with Nutter before I start looking for a house?

We highly recommend that you contact us to get a Preapproval Letter before you go house shopping. Not only is getting preapproved quick and easy (and free!), but in this highly competitive housing market many realtors insist that you have a Preapproval Letter in hand before you make an offer. With your Preapproval Letter, you’ll also know how much house you can afford and whether there are any credit issues that need to be dealt with ahead of time. Get preapproved today - at no cost. Learn more about Getting Preapproved.

I already have a VA Home Loan and I’m interested in a VA Refinance. What is a VA Streamline Refinance?

The VA offers a great VA Refinance Program - the Interest Rate Reduction Refinance Loan (IRRRL) Program. For those Veterans who already have a VA Loan, the VA allows you to do a “streamline refinance” of your VA Home Loan and lower your interest rate without an appraisal and without having to qualify all over again. At Nutter, we offer this VA Refinance with No Closing Costs. This means that Veterans can take advantage of lower interest rates and refinance with a minimal amount of red tape and expense. Learn more about the IRRRL.

Why you should choose Nutter for your VA Loan

  • We offer some of the most competitive rates in America, including No Closing Cost Loan options - saving you money now, and in the future.

  • We won’t charge you extra or inflated fees as some other lenders do.

  • For over 65 years our motto has been, “If it’s not good for the customer, it’s not good for us.” We pride ourselves on having the best customer service in the industry – even after you close. That’s right, we don’t sell your loan!

  • With our simple online loan process, you’ll be able to close quickly and efficiently.

  • As an approved VA Lender, we’ll make sure you understand all the details of what a VA Loan has to offer and get the best mortgage deal for you.

Additional Resources:

Need More Help?

Our experienced Loan Officers are just an email or a phone call away to answer all your questions.

OR

Contact Us (800) 875-7334