VA Loans

If you’ve served in the military, you may qualify for quick approval with a Veterans Administration loan. Designed to offer long-term financing to eligible American Veterans or their surviving spouses.

• Competitive interest rates.
• Guaranteed by the Department of Veteran Affairs.
• Growing in popularity.
• VA agrees to cover up to 25% if borrower defaults.
• Appraisal process typically takes 10 days or less.
• Lower interest rates, fewer fees.
• A Veteran can use VA eligibility more than once.
• You can refinance with a VA loan.
• Extra money for improvements.

Myth: VA loans require perfect credit scores.
Fact: Most VA lenders look for a 620 credit score.

Myth: Veterans are guaranteed a VA loan.
Fact: No one is guaranteed a loan, even service members with VA loan entitlement.

Myth: Any modern home loan requires a big down payment.
Fact: The VA loan is one of the only mortgages that doesn’t require a down payment.

Myth: You can’t get a VA loan if you have a foreclosure/bankruptcy in the past.
Fact: VA loans are more forgiving than other loan products. Getting a new conventional loan after foreclosure requires a 3-year waiting period; bankruptcy requires a 2-year wait.

Click here for more info on getting a VA Loan after bankruptcy!

Calculate how much you can save with a mortgage through Perennial Funding!

VA Savings Analysis Tool!

Our Assumptions

• Mortgage rates could fluctuate daily.
• Based on your situation, your payments may vary.
• See what products are available in your state.
• Certain jumbo products might not be available to you if you’re a first-time buyer.
• Some lending services might not be available in all areas. See what’s available to you.
• Some restrictions may apply.
• The lock period for your rate is 45 days.
• Perennial Funding offers a variety of options. You may still qualify for a loan even if your situation doesn’t match our assumptions. Consult us to find what’s available in your area, and what best solutions are for you.