Georgia VA Loan

VA mortgage loan was established specifically for men and women who are either on active duty in the military or veterans. Their Surviving spouses also have access to VA mortgages, albeit with slightly stricter requirements. At the Moreira Team, we intend to help military families build wealth through sound financial choices. This is why we are ready and able to offer detailed information to anyone eligible and interested in acquiring a VA mortgage loan.

VA Home Loan Eligibility

How do you know that you are eligible for a Georgia VA loan? The first qualification is membership in the military, reservists or the National Guard. Active members of the military qualify as long as they have been in service for 6 months or more. If you are a Reservists or members of the National Guard, you will have to wait 6 years. However, if you are called to active duty before that you become eligible after 181 days of service. Spouses of military members who died in the line of duty are also eligible to apply for a VA loan. To qualify for a Georgia VA loan, your spouse’s death must be as a direct result of a service-related injury or disability.

Why a Georgia VA loan? Loans offered by VA lenders do not require any down payment. Another advantage is that VA loans don’t come with insurance requirements regardless of how much down payment you make. That said, you should know that you are required to pay a one-time funding fee on your VA loan. The amount varies depending on the total mortgage amount.

Do you think you qualify for a VA mortgage in Georgia? Start your application right here, or give us a call to speak directly with a loan advisor about your VA eligibility and what you qualify for.