Ohio VA Loans

Qualified veterans looking to relocate to Ohio should consider applying for a VA guaranteed home loan to purchase their next property. Since the VA Home Loan Guaranty Program went into effect in 1944, millions of veterans and their families have realized the dream of homeownership. The VA has made this possible by extending huge benefits to its veterans that cannot be found with conventional loans.

What is a VA Loan?

A VA Loan is not actually a loan, but rather a “VA insured loan.” What this means is you will receive the money from a private lender, and the VA will guarantee a portion of the loan. The basic entitlement of a VA Loan is $36,000 or up to 25% of the total loan. This is how much the VA will pay the private lender if you should ever default on the loan. Having a VA guaranteed loan means you are not required to supply a down payment on the house.

Additional Benefits

The no down payment feature of VA Loans is the greatest benefit available, but the benefits don’t stop there. Besides not having to supply a down payment on the house, you also won’t be required to pay private monthly mortgage insurance because the VA essentially insures the loan for you. Other great benefits of an Ohio VA Loan include low interest rates, minimal closing costs, flexible repayment plans, quick approval and simple refinancing.


In order to receive your Ohio VA Loan you must first fill out an eligibility form with the VA. The rules state that current members of the military must have served a minimum of 181 days of continuous, active-duty service in order to qualify. Veterans must have served this same amount of time and been discharged under honorably circumstances. There are some exceptions to the rules, for example, veterans who served overseas during wartime, veterans discharged early for service-related injury, widows of veterans killed in combat and spouses of POWs. If you fit the qualifications, the VA will send you a Certificate of Eligibility (COE) in the mail which you will need to present to your lender.

Get Pre-approved Today!

With our secure online form, getting pre-approved for a loan has never been easier. It only takes a minute and you’ll be on your way to getting that great, beautiful house you’ve always dreamed of!

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