Unlock
Homeownership
with an VA Loan
Designed exclusively for veterans, active-duty service members, and eligible surviving spouses, VA loans make it easier for you to secure financing without the burden of a down payment.
What is a VA Home Loan?
VA loans are backed by the U.S. Department of Veterans Affairs and are offered through private lenders like Green Arrow Mortgage. These loans provide qualified individuals with the opportunity to purchase a home with favorable terms, including no down payment, no private mortgage insurance (PMI), and competitive interest rates. VA loans are a powerful tool for those who have served our country and are looking to achieve homeownership.
VA Loan Requirements
Before applying for a VA loan, make sure you understand the following requirements:
How to Apply for a VA Loan with Green Arrow Mortgage
Applying for a VA loan with us is seamless and straightforward. You can complete the entire process online and get assistance from our knowledgeable Mortgage Loan Officers at any stage.
1
Quick Pre-Qualification:
Find out what rates you qualify for in just minutes with our easy online pre-qualification process.2
Choose Your VA Loan:
After pre-qualifying, select the VA loan terms that best align with your financial goals.3
Receive Your Funds:
Once your loan application is approved, we’ll fund your loan. Your path to homeownership is just a few steps away!
Need Assistance?
If you’re unsure which option is best for your unique needs, contact one of our Mortgage
Why Choose Green Arrow Mortgage for Your FHA Loan?
No Down Payment Required:
No PMI:
Flexible Qualification Standards:
Dedicated Support for Veterans:
FAQs
Q: What is a VA loan and how does it function?
A: VA loans are mortgages supported by the U.S. Department of Veterans Affairs (VA) and provided by private lenders like Green Arrow Mortgage. Because the government backs a portion of the loan, lenders can offer benefits such as lower interest rates, reduced closing costs, and flexible credit score requirements. Additionally, VA loan applicants do not need a down payment and are exempt from private mortgage insurance (PMI). These loans are available to eligible active-duty service members, veterans, and certain surviving spouses.
Q: What advantages come with a VA home loan?
A: VA home loans provide numerous benefits, such as competitive interest rates, lower closing costs, no required down payment, and the absence of mortgage insurance. While this can vary by lender, applicants typically need a minimum FICO score of around 600 to qualify for a VA loan.
Q: Who is eligible for a VA home loan?
A: The following individuals usually qualify for a VA home loan:
- Active-duty service members who have served at least 90 consecutive days.
- Veterans who have served at least 90 consecutive days during wartime or 181 consecutive days during peacetime.
- Surviving spouses of veterans who died or went missing in action or from service-related injuries.
- Members of the National Guard and Reserves who have served a minimum of six years or at least 90 days under Title 10 or Title 32, with at least 30 consecutive days under Title 32.
Q: What is the minimum credit score required for a VA loan?
A: The minimum FICO score for a VA loan through Green Arrow Mortgage is typically set at 600.
Q: What are the terms available for a VA loan?
A: At Green Arrow Mortgage, you can select terms that best suit your needs. We offer both fixed-rate and adjustable-rate mortgage options. The maximum VA loan amount is up to $1.5 million.
Q: What documentation do I need to apply for a VA loan?
A: You will need to provide proof of eligibility (COE), stable income documentation (like pay stubs and tax returns), and other financial information as required by the lender.
Q: How long does the VA loan process take?
A: The timeline can vary based on individual circumstances, but many VA loans can close within 30 to 45 days, especially if all documentation is in order.
Get Started Today!
Ready to tap into your
home’s equity?
Call +1(832)821-4441 to connect with our knowledgeable Home Loan Experts or start your application online today.
Learn More About VA Loans
VA loans offer exclusive benefits for eligible veterans and active-duty service members—including no down payment and competitive rates. Explore your options today.
Refinancing with a VA Loan: A Smart Move for Veterans
For many veterans and active-duty service members, Refinancing with a
Unlocking Homeownership with a VA Loan Benefits for Veterans and Service Members
For veterans, active-duty service members, and eligible surviving spouses, VA
Why Choose a VA Loan Over a Conventional Mortgage?
When it comes to home financing, Why Choose a VA
