Washington State VA Loans Where we serveWashington State Veterans Home Loans

As a veteran or active-duty service member, one of the many benefits you may be eligible for is a VA home loan. These loans are designed to help veterans and military families achieve the dream of homeownership, with lower interest rates and more flexible requirements than traditional mortgages. In this post, we’ll take a closer look at VA home loans, including their benefits, eligibility requirements, and application process.

Benefits of Veterans Home Loans

There are several benefits to obtaining a VA home loan. Perhaps the most significant is the fact that VA loans do not require a down payment. This can be a huge advantage for military families who may be struggling to save up for a down payment while also juggling the many expenses that come with military life. In addition to the lack of a down payment requirement, VA loans also offer lower interest rates than traditional mortgages. This can result in significant savings over the life of the loan.

Another advantage of VA loans is that they do not require private mortgage insurance (PMI). PMI is typically required for conventional loans when the borrower puts down less than 20% of the home’s value. This can add hundreds of dollars to your monthly mortgage payment, so the fact that VA loans do not require it can make a big difference in your budget.

Eligibility Requirements for VA Home Loans

To be eligible for a VA home loan, you must meet certain requirements. First and foremost, you must have served on active duty for at least 90 consecutive days during wartime or 181 consecutive days during peacetime. If you are currently on active duty, you may be eligible after serving for 90 consecutive days. Reservists and National Guard members are also eligible after serving for six years, although there are some exceptions.

You must also have been honorably discharged or released from service, and you must meet certain credit and income requirements. The VA does not set a minimum credit score requirement, but most lenders will want to see a score of at least 620. You must also have a stable income and be able to show that you can afford the monthly mortgage payments.

Application Process for VA Home Loans

The application process for a VA home loan is similar to that of a traditional mortgage. You’ll need to obtain a Certificate of Eligibility from the VA, which you can do online or by mail. This will confirm that you meet the eligibility requirements for a VA loan. You’ll also need to find a lender that offers VA loans and complete an application. The lender will review your credit history, income, and other factors to determine whether you qualify for the loan.

One thing to keep in mind is that VA loans do require a funding fee, which is a percentage of the loan amount. This fee helps to offset the cost of the loan program for taxpayers. However, the fee can be rolled into the loan amount, so you don’t need to pay it out of pocket.


VA home loans are a valuable benefit for veterans and military families who are looking to buy a home. With lower interest rates, no down payment requirement, and no PMI, these loans can make homeownership more affordable and accessible. To learn more about VA home loans and whether you’re eligible, visit the VA website or talk to a lender that offers these loans.

For more information on Veterans Home Loans contact Kevin Tinsley NMLS ID: 108542 at 253-472-1500 to get started.

If you’re a veteran or active-duty service member looking to buy or refinance a home, I encourage you to reach out to us at VAHomeLoans.com. We’re here to support you and help you achieve your dreams of homeownership. Thank you for your service, and we look forward to serving you!

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