VA Home Loans

VA home loan benefits for veterans and active-duty military homebuyers in North Carolina and South Carolina, including no down payment and no PMI requirements.

VA home loans are one of the most valuable mortgage benefits available to eligible veterans, active-duty service members, National Guard members, reservists, and qualifying surviving spouses. Backed by the U.S. Department of Veterans Affairs, VA loans offer unique advantages that can make homeownership more accessible, including the ability for qualified borrowers to purchase a home with no down payment. VA loans are designed to reward those who have served by providing flexible qualification guidelines and affordable financing options. Whether you're purchasing your first home, relocating to North Carolina or South Carolina, or using your VA benefit again, a VA loan can be an excellent way to achieve your homeownership goals while taking advantage of the benefits you've earned through your service.

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Homebuyers celebrating their new home purchase with Realtor Angie Douglass after closing on a VA home loan.

  • With a VA loan, you don't have to make a down payment when buying a home. However, making a bigger down payment can lower your monthly mortgage payment.

  • For a VA loan, a home appraisal is necessary to figure out how much the home is worth. A licensed appraiser usually does the appraisal, and the borrower usually covers the cost. The appraisal makes sure that the loan amount matches the home’s value.

  • VA loans are designed to help our military qualify for A mortgage. To be approved for a VA loan, borrowers need a credit score above 500.

Veteran homebuyers celebrating a home closing with Realtor Vivian Knight after purchasing a home using VA financing.

  • VA loans don't need mortgage insurance, which is a great perk for borrowers because it saves them money on their monthly payments.

  • VA loans have a funding fee, which supports the VA program. The fee amount changes based on the loan size, loan type, and if the borrower has a service-connected disability. You can pay the fee upfront or include it in the loan amount.

  • Another benefit of a VA loan is that it protects borrowers from certain fees. For example, VA loans limit the closing costs that borrowers need to pay, which helps them save a lot of money in the beginning. Additionally, VA loans don't allow certain fees that lenders usually charge for other types of loans, such as fees for paying early or fees for processing and evaluating the loan.

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