Norfolk, Virginia Beach and Newport News VA Loans

If you are considering moving to Norfolk, Virginia Beach or Newport News, you should considering going through the VA to obtain your loan. Right now it is more affordable than ever for veterans to purchase or build the house of their dreams when done through the VA Home Loan Guaranty Program. Take a look at just a few of the great benefits you’ll be able to take advantage of as a qualified veteran or member of the military.


When you apply for a VA Loan to purchase your new house in Virginia, you won’t be required to provide a down payment on the house. This is a huge benefit, especially when you consider the fact that conventional loans usually charge around 20% for a down payment. Now you can afford to buy a new house even if you don’t have the necessary capital saved up.

No Insurance

With a VA Loan, you also won’t have to pay any private monthly mortgage insurance. Without paying insurance, your overall monthly payments will be much lower, giving you more money to spend on groceries, utilities or entertainment.

Flexible Repayment Plans

Everyone has different spending and saving habits, which is why the VA has created five different types of repayment plans. These plans include: growing equity mortgage, graduated payments mortgage, traditional fixed, traditional ARM and hybrid ARM. The graduated payments mortgage is a special plan that was created for first time homeowners who need smaller payments in the beginning but will be able to afford more as time goes on.

Minimal Closing Fees

The VA charges a one-time fee of no more than 1% of the total cost of the loan. You will also be required to pay closing costs associated with the loan, but the VA puts a cap on this amount so that you won’t be largely out-of-pocket at the end of the process. You may even have the seller pay the closing fees in some cases.

Get Started Today!

Getting pre-approved for a VA Loan has never been easier. Simply take a minute to fill out our online form. It’s free, secure and will have you on your way to taking advantage of the huge VA benefits today!

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Columbus, OH VA Loans

Columbus, OH VA Loans
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