FM VA Web Content Viewer (JSR 286)

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FM VA Web Content Viewer (JSR 286)

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What is a VA Loan?

A VA loan is an exclusive benefit that helps active military, veterans or eligible family members get a mortgage and purchase a new home. Backed by the U.S. Department of Veterans Affairs (VA), a VA loan enables VA-approved lenders like Freedom Mortgage, to offer flexible loans with special benefits to help those who served realize the American dream of homeownership.

Check out our video to learn more about VA Loans.

FM VA Web Content Viewer (JSR 286)

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Let Us Bring You Home

Get started on your VA Loan

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FM VA Web Content Viewer (JSR 286)

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VA Loan Benefits

A VA loan is a clear choice for veterans to afford a home compared to conventional loans. See how the two mortgage options compare:

VA Loans Conventional Loans
0% down Down payment needed up to 20%
No Private Mortgage Insurance. Since VA loans are government backed, PMI is not necessary PMI is needed if a buyer puts down less than 20%. This adds an additional payment to the monthly mortgage.
Lower rates Higher rates due to greater risk for lenders
Only for the purchase of a primary property Primary, secondary or investment property is allowed
Expanded options for lower credit scores Higher credit scores needed
Less stringent qualification requirements, which means you may qualify even with a bankruptcy or foreclosure. Longer wait after a bankruptcy or foreclosure to be eligible for a home loan.

Message from Freedom Mortgage Sales Team

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David L.

Freedom Mortgage Sales Team

Freedom learns from their veteran employees and truly values our veteran customers. That's how we became a top VA leader.

FM VA Web Content Viewer (JSR 286)

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VA Loan Eligibility Options

To be eligible for a VA loan, you must meet at least one of the following criteria as determined by the U.S. Department of Veterans Affairs.

  • 90

    consecutive days of
    service during war time

    OR
  • 181

    consecutive days of
    service during peacetime

    OR
  • 6

    years of service in the
    Reserves or National Guard

    OR
  • Un-remarried surviving
    spouse of a veteran

You must also meet credit and income requirements and have a valid Certificate of Eligibility (COE), which is used to verify your length of service. Freedom Mortgage can help you check on eligibility and work with you to obtain your COE.

Loan Limits
$424,100

While there is no limit on the amount of loan a qualified homebuyer can obtain, there is a limit as to how much the VA will allow with no down payment. For 2017, the amount is $424,100 in most parts of the country, but loan limits vary at the county level since house values change by location. In more expensive areas of the U.S., loan limits for a VA mortgage can go as high as $636,150 without needing a down payment. Keep these limits in mind when you are figuring out how much house you can afford. As dedicated mortgage specialists, we can help you understand the loan limits in the neighborhood where you want to buy a home.
Call us at 877-684-4210.

FM VA Web Content Viewer (JSR 286)

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Process

We are mortgage specialists who will be with you every step of the way to make your dream a reality.

  • STEP 1 Determine Eligibility
  • STEP 2 Get pre-approved
  • STEP 3 Search for a home
  • STEP 4 Receive a home inspection & appraisal
  • STEP 5 Close on your loan & move in!

FM VA Web Content Viewer (JSR 286)

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What Our Customers Say

At Freedom Mortgage, we are dedicated to providing exceptional service.
Check out the reviews from some of our veteran customers.

FM VA Web Content Viewer (JSR 286)

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Tips & Insights

Get the latest tips and insights to help guide you throughout your homeownership journey.

 Girl running to her military father while her mother looks on.
5 Things you need to know about VA loans

How to maximize your benefits and get the best mortgage rate.

Military man kissing his young son.
5 Facts about VA loans

We'll help you sort the facts from fiction before applying for your VA loan.

Couple looking at each other sitting in front of a house.
Comparing VA and conventional loans

At Freedom Mortgage, our Loan Advisors will help you weigh your financing options and determine the right fit.

FM VA Web Content Viewer (JSR 286)

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Contact Us

Contact Freedom Mortgage today
to explore your loan options.
855-980-0445Opens as a Skype application

How much can you afford?

Use our veteran affordability calculator to get a rough estimate on how much you can afford to pay for your home.