VA Loans

As a Veteran, you know the importance of home.

To thank you for your service, HOMESTAR offers VA loans to provide Veterans the opportunity for homeownership. Our knowledge combined with exceptional service leads to a successful homebuying journey for our deserving Veterans.

What Is a VA Loan?

VA loans are guaranteed by the U.S. Department of Veterans Affairs. Referred to as a “government” mortgage, VA loans are available to Veterans, Reservists, Active Duty Personnel, and surviving spouses of Veterans (based on military entitlement).

Advantages of VA Loans:

• No down payment required
• 30-year and 15-year fixed loans
• No monthly mortgage insurance premium
• Limited closing costs
• No prepayment penalty

Determine Your Eligibility for a VA Loan

You may be eligible for a VA loan if you meet AT LEAST one of the following requirements:

• You have served 90 total days of active service during wartime or 181 continuous days of active service during peacetime.
• You served less than 90 days of active service during wartime or less than 181 days of active service during peacetime if you were discharged for a service-connected disability.
• You served six creditable years in the Selected Reserve or National Guard.
• You are the surviving spouse of a Veteran who lost their life while serving or as the result of a service-connected disability, and you have not remarried.

What about a Certificate of Eligibility (COE)? A COE shows that you are VA-eligible, and this can be obtained from the VA online or by mail, or we can assist you with securing it.