Mlend | VA Loans

Loan Programs

VA Loans

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If you are a veteran of the armed forces, active duty personnel, a Reservist or member of the National Guard, or a surviving spouse, you may be eligible for a no-down-payment VA loan.

A VA loan is guaranteed by the Department of Veterans Affairs and offers many benefits for past and present members of the armed forces. Some of these benefits are:

no down payment
mortgage insurance is not required
less stringent credit score requirements than conventional loans
no prepayment penalties
higher debt-to-income ratios may be allowed

Note that you'll need to receive a Certificate of Eligibility before you can qualify for a VA loan. To obtain your certificate of eligibility and apply for a VA loan, please contact one of our mortgage consultants.