Phot courtesy of LigolWmn @ Stock.xchngThe Department of Veterans Affairs (VA) helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of VA's mission, it provides a home loan guaranty benefit and other housing-related programs to help Servicemembers, Veterans, and eligible surviving spouses buy, build, repair, retain, or adapt a home for their own personal occupancy. VA home loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide a loan with more favorable terms.

Qualified veterans can purchase a primary residence with no money down, as long as the purchase price doesn't exceed the appraised value of the property and the seller is willing to pay closing costs.

Loan refinances are restricted under the VA Home Loan Program unless the borrower is refinancing from one VA loan to another.Service eligibility and entitlement guidelines can be tricky, so it's best to check with the VA before applying for a loan.

One important caveat: A dishonorable discharge will disqualify a veteran from the loan program. However, it's possible to make an appeal to change the status of the discharge.

VA mortgage lenders offer a variety of home loans designed to meet many needs, including:

  • Build a single family home
  • Buy a single family home, a condominium unit in a VA-approved development, or a co-op unit
  • Repair, renovate or upgrade your primary residence
  • Refinance a mortgage
  • Buy a manufactured home and/or lot
  • Make energy-efficient improvements like solar heating or cooling systems


Contact the mortgage professionals at Lexington Mortgage Funding for more information on
VA MortgagesToday
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803-808-6230