Georgia VA Loans

Housing prices in Georgia have never been lower, making it a true buyer’s market right now. However, due to recent financial problems in the US, it is more difficult to obtain a loan to purchase these homes. Luckily for qualified veterans, it is still possible to find a great house and an affordable loan by going through the VA Loan guaranty program.

Who Qualifies

If you are a current member of the military, you are eligible for a VA Loan after serving 181 days of continuous active-duty service. For ex-military, you must have served 181 days of regular active-duty service, or 90 days overseas during wartime and been honorably discharged. There are some exceptions to the rules, so be sure to check with the VA to see if you can qualify.

Establishing Eligibility

If you fit the qualification guidelines, you will then need to establish your eligibility with the VA. The form can be found on their website and submitted electronically. Once the VA has reviewed your information you will be sent a Certificate of Eligibility (COE).

Applying for a Loan

Once you have your COE, you are free to either start house hunting right away or find a lender to pre-approve you for a loan. Your lender must be approved by the VA and participate in the VA Loan guaranty program. By getting a VA Loan, you can take advantage of the many benefits including no down payment, no monthly insurance and lower interest rates.

Choosing a Repayment Plan

The VA gives you five choices when it comes to a repayment plan: traditional ARM, hybrid ARM, traditional fixed, graduated payments mortgage and growing equity mortgage. Be sure to discuss each plan with your lender to find out with one will fit you best.


Once you have your VA Loan, you can choose to refinance further down the road with either a cash-out loan or Interest Rate Reduction Refinancing Loan (IRRRL). The IRRRL is incredibly simple as it requires no additional paperwork and no out-of-pocket expenses.

Get Started Today and Save

Getting started is easy. Fill out our 1-minute quote request form to see if you qualify.

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