VA Loan
What is a VA Home Loan?
You may qualify for this type of loan if you are an active member of the U.S. military, are a veteran, National Guard or Reserve member or a surviving spouse.
Benefits of an VA Home Loan
You may qualify for this type of loan if you are an active member of the U.S. military, are a veteran, National Guard or Reserve member or a surviving spouse.
No loan limits.
Competitively low interest rates.
No down payment.
Limited closing costs.
No mortgage insurance.
In addition, VA home loans are a lifetime benefit and you can apply for this type of loan more than once.
Frequently Asked Questions
What are the minimum requirements to apply for a VA loan?
You may qualify for this loan if:
- You are an active member of the U.S. military and have served 90 continuous days of duty.
- You meet the active-duty requirements for your dates of service, if you are a U.S. veteran, National Guard or Reserve member.
- You are a surviving spouse of a service member who is missing in action, died while in service or from a service-related disability.
You will also need to provide a certificate of eligibility (COE), which is a document from the Department of Veteran Affairs that confirms that you are eligible for a VA loan. We can reach out on your behalf to obtain a COE or you can request one yourself from the VA.
There are other requirements that need to be met when applying for a VA loan. Our mortgage experts can talk with you about all that you will need to provide.
Ready to get started?
Securing your home mortgage loan with RailTrust is simple. Apply now and put our experts to work for you.