FM VA Web Content Viewer (JSR 286)


FM VA Web Content Viewer (JSR 286)


Loan Options

A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs (VA). The VA helps millions of active military members, veterans and eligible surviving spouses become homeowners. VA home loans are provided by VA-approved lenders such as banks and mortgage companies and are backed by the government. VA loans offer a number of benefits to help veterans realize the dream of homeownership including:

  • Point 1A competitive rate
  • Point 2No down payment, as long as the sales price does not exceed the appraised value
  • Point 3No private mortgage insurance premium
  • Point 4No pre-payment penalties
  • Point 5No minimum credit score requirement

We have a passion for serving veterans and we are committed to providing personalized mortgage solutions and the exceptional service you expect and deserve. As the #1 VA lender* with over 25 years of experience, we are ready to serve you and your family. Contact Freedom Mortgage today. Let's get started.

*2016 Inside Mortgage Finance

If you already have a VA mortgage and need cash to pay off high-interest debt, make home improvements or further your education, our cash-out refinance option may be right for you. It can also be used to refinance a non-VA loan into a VA loan. The VA will guarantee loans up to 100% of the appraised value of your home.

Contact Freedom Mortgage. Let our loan specialists help you determine if you qualify for VA Cash Out Refinancing and how you can consolidate your debt to save money.

If you already have a VA loan and want to reduce your rate without taking any cash out, you may qualify for a VA Streamline Refinance. This VA refinance option can lower your monthly payments with fewer requirements and less documentation. You may not need an appraisal or Certificate of Eligibility (COE), so the process is usually faster.

Contact Freedom Mortgage. See if you qualify for VA Streamline Refinancing and how you can start saving.


You may be eligible for a VA loan if you meet one or more of the following criteria:

  • Point 1You are currently on active duty with at least 90 days of continuous active service
  • Point 2You served during wartime for at least 90 days of active duty service (without a dishonorable discharge)
  • Point 3You served for less than 90 days active duty and were discharged for a service-connected disability
  • Point 4You have completed at least 181* days of continuous active duty (without a dishonorable discharge)
  • Point 5You have at least 6 years of credible service in the National Guard or Selected Reserve
  • Point 6You are an un-remarried spouse of a veteran who died in service or from a service-connected disability

A COE, or Certificate of Eligibility, verifies that you are eligible to receive a VA loan.

Freedom Mortgage can obtain the COE for you when you apply for a VA loan. We work with you to gather the necessary evidence and paperwork to get the COE and start the loan process.

No, you need to be a veteran or the spouse/surviving spouse of a veteran to be eligible for a VA loan.

The VA does not require a minimum credit score for a VA loan. It's up to each lender to set their own guidelines. Freedom Mortgage understands the challenges of homeownership and is one of few lenders who will provide loans to service men and women with lower credit scores. Contact Freedom Mortgage and we'll work with you to determine your eligibility.


A VA loan is the gift that keeps giving. Use it for your first house or your last. It just needs to be your primary residence. You can only have one VA loan at a time.

No, a VA loan can only be used on a primary residence.

The purchase price limit is generally understood to be $417,000, but the price limit varies by location of the home (as long as it's in the United States or U.S. territories). In more expensive areas, the price limit can be higher.

With a conventional mortgage, you typically will need to have 20% down or you would need to pay PMI (Private Mortgage Insurance). One important benefit of VA loans is that you typically won't need to bring a down payment.

Yes, there are no pre-payment penalties on a VA loan.

We're the #1 VA* mortgage provider and have been helping homeowners for more than 25 years. You will benefit from our VA loan expertise. Our commitment, service, experience and reliability sets us apart from the competition. As an example, our exclusive Eagle Eye program evaluates the current mortgage environment, rates and property values for you. We will reach out to help you save money, use your home's equity to pay off high interest debt or offer you special programs when it is time to purchase your next home. When you are a Freedom Mortgage customer, we will go out of our way to assure you the best deal possible on your new home loan.

*2016 Inside Mortgage Finance