VA loans are guaranteed by the U.S. Department of Veterans Affairs and available to eligible active-duty service members, veterans, and surviving spouses. Widely regarded as one of the best mortgage products available, VA loans offer zero down payment, no private mortgage insurance, and competitive interest rates — a powerful combination that makes homeownership more accessible for those who have served our country.
At IH Lending, we’re proud to help veterans and military families take full advantage of their VA loan benefits. Our team understands the unique requirements of VA financing and works to make the process as smooth and efficient as possible.
To qualify for a VA loan, you’ll need a Certificate of Eligibility (COE) from the VA, which confirms your service history and entitlement. Generally, eligibility extends to veterans who have served at least 90 consecutive days during wartime or 181 days during peacetime, as well as active-duty service members with at least 90 days of service. National Guard and Reserve members may also qualify after 6 years of service or 90 days of active-duty deployment.
VA loans require a one-time funding fee that helps sustain the program for future veterans. The fee typically ranges from 1.25% to 3.3% of the loan amount depending on your service category, down payment, and whether this is your first or subsequent VA loan. The fee can be financed into the loan, and some veterans — including those with service-connected disabilities — are exempt from the fee entirely.
We work with wholesale lenders who specialize in VA products, giving us access to competitive rates and streamlined processing. Our loan officers understand the nuances of VA financing — from obtaining your COE to navigating the VA appraisal process — and are committed to making your experience as seamless as possible.
