Mann Mortgage supports our heroes: Discover the benefits of VA loans today!
Exceptional, preferred lending option for those who have served us, including affordable $0 down loans.
What are VA home loans?
Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.
VA loans
at a glance.
VA loans are a unique financing option provided to veterans, active-duty service members, and certain National Guard and Reserves members. They are designed to recognize the dedicated service of these individuals by offering specialized mortgage terms.
One of the most significant advantages of VA loans is that they typically require no down payment. This feature can appeal to borrowers who may not have substantial savings for a down payment, allowing them to preserve their financial resources.
VA loans often come with competitive interest rates, making homeownership more affordable for eligible borrowers. Lower interest rates can lead to significant long-term savings over the life of the loan.
Unlike many other types of mortgages, VA loans do not require private mortgage insurance (PMI). This further reduces the overall cost of homeownership, as borrowers are not burdened with additional monthly PMI premiums.
While lenders will review your credit history as part of the loan application process, VA loans tend to have more lenient credit requirements compared to some conventional loans. This flexibility can make it easier for veterans and service members to qualify for a home loan.
Applying for a home has
never been easier
Our quick and secure process takes less than 10 minutes to apply.
Learn more about
VA loans
Eligibility for a VA loan is primarily determined by your military service. Generally, veterans with at least 90 days of active service during wartime or 181 days during peacetime, National Guard and Reserve members with at least six years of service, and active-duty service members are eligible. Spouses of service members who died in the line of duty may also qualify.
VA loans can be used to finance a variety of property types, including single-family homes, condominiums, multi-unit properties (up to four units), and even some manufactured homes. However, the property must meet certain standards to be eligible for VA financing.
Yes, there is a maximum loan amount for VA loans, which varies by location and is determined by the Federal Housing Finance Agency (FHFA). In the Phoenix metropolitan area, the 2021 loan limit for most counties was $548,250. However, it’s important to check the current limit for your specific location.
Yes, you can use a VA loan multiple times in many cases, as long as you meet the eligibility requirements and have remaining VA loan entitlement. You can even have more than one VA loan at the same time, under certain circumstances.
While VA loans are known for their flexibility in credit requirements, having a reasonable credit history and meeting the lender’s specific criteria is still essential. Lenders may consider factors such as your credit score, debt-to-income ratio, and employment stability when evaluating your loan application.
“I was put in a situation where I quickly needed to find an affordable home using a VA loan the Mann mortgage team took care of that. I am grateful that they took care of my needs and quickly and professionally.”
Adam P. B.
Let's get you home.
0% down financing for qualified veterans, service members & eligible spouses. Our local loan experts will help guide you.
