VA Loans
mortgage loans for veterans and active-duty military
At Waterstone Mortgage, we proudly support those who serve our nation. That’s why we offer Veterans Affairs (VA) loans — a special mortgage program designed exclusively for U.S. military veterans, active-duty service members, and eligible surviving spouses. It’s our way of saying “thank you” for your service.
what is a VA loan?
A VA home loan is a type of mortgage backed by the U.S. Department of Veterans Affairs. This program was created to help military members achieve the dream of homeownership with affordable and flexible loan terms.
key benefits of VA loans
- No Down Payment Required — In most cases, buy a home with $0 down, preserving your savings.
- Loan Amounts Up to $1.5 Million* — More buying power to help you find the home that fits your needs.
- Competitive Interest Rates — VA loans often offer lower rates than conventional loans, saving you money over time.
- No Private Mortgage Insurance (PMI) — Unlike many low-down-payment loans, VA loans don’t require monthly PMI.
- Flexible Credit Requirements — VA loans offer more lenient credit score guidelines (as low as 580 FICO) compared to conventional financing.
- Limited Closing Costs — VA guidelines limit the types of closing costs veterans can be charged.
who is eligible for a VA loan?
These individuals may qualify for a VA loan:
- Veterans with qualifying service history
- Active-duty service members
- National Guard and Reserve members
- Eligible surviving spouses
why choose Waterstone Mortgage for your VA loan?
As a VA-approved lender, Waterstone Mortgage is proud to serve those who serve. We’ll guide you through every step of the VA loan process, ensuring you receive the benefits you’ve earned with a smooth and transparent experience. We’re here to guide you each step of the way, as you reach your homeownership goals.
how do i get a VA loan?
To get started, you’ll need a Certificate of Eligibility (COE) from the VA — and we can help you obtain it during the application process.
Your COE shows your mortgage lender that you meet the requirements necessary for a VA loan. Applying for a COE is straightforward and can be done online, through the mail, or through a lender.
Active-duty military members and current National Guard members or Reservists who have never been in federal active service will need to present a current statement of service to obtain a COE.
Veterans, current or former National Guard members, and Reservists who have been activated for federal active service will need to present a DD214 form confirming their past service.
multiple solutions for those who serve our nation
Waterstone Mortgage offers VA loans for veterans, active military members, and surviving spouses in a variety of unique scenarios.
A VA loan is a government-insured loan subject to certain qualifications and restrictions. A VA funding fee is typically required, which can be financed into the loan amount. If you are a servicemember on active duty, prior to seeking a refinance of your existing loan, consult your legal advisor regarding the loss of any benefits you are entitled to under the Servicemembers Civil Relief Act or applicable state law. *Full entitlement required for specific loan amounts, ask your loan originator for details. A VA loan is a government-insured loan subject to certain qualifications and restrictions.
All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With Adjustable Rate Mortgage loans, the rate is variable and may increase or decrease every year after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment.
