VA Loan
Designed for military and military veterans.
It’s time for us to serve you.
Home Loans Conventional Loan
Lending Hand is honored to help the men and women who serve or have served our country. We offer a host of VA loans and home financing options for military personnel and their families.
VA loans are issued through approved lenders like Lending Hand and are guaranteed by the Federal Government through the U.S. Department of Veterans Affairs (VA). VA home loans allow you to buy or refinance a home with no down payment.
To be eligible for a VA loan, you have to be currently or formerly on active duty (181 days during peace time or 90 days during war time), a National Guard or Reserve member for at least six years, or the spouse of a service member who has died in the line of duty or as a result of a service-related disability.
To be eligible for a VA loan, you have to be currently or formerly on active duty (181 days during peace time or 90 days during war time), a National Guard or Reserve member for at least six years, or the spouse of a service member who has died in the line of duty or as a result of a service-related disability.
- Competitive rates
- No monthly private mortgage insurance (PMI)
No Down Payment
When you purchase a home with a VA loan, you get some tactical advantages — including no down payment requirement! If you already have money set aside, you can put it towards points or closing costs.
Frequently Asked Questions
Complete a VA Form 26-1880, Request for a Certificate of Eligibility: You can apply for a Certificate of Eligibility by submitting a completed VA Form 26-1880, Request For A Certificate of Eligibility For Home Loan Benefits, to VA along with proof of military service. Lending Hand may also be able to obtain a Certificate of Eligibility for you in some cases.
Yes, your eligibility is reusable depending on the circumstances. Normally, if you have paid off your prior VA loan and sold the property, you can have your used eligibility restored for additional use. On a one-time only basis, you may have your eligibility restored if your prior VA loan has been paid in full even if you still own the property. Also, if you still own the property associated with a prior VA loan, you may still be eligible for another VA loan. Contact one of our loan officers for more information. You must contact the VA Eligibility Center with the appropriate information in order to have your ability restored.
Standard Form 180, Request Pertaining to Military Records, is used to apply for proof of military service regardless of whether you served on regular active duty or in the selected reserves. This request form is NOT processed by VA. Rather, Standard Form 180 is completed and mailed to the appropriate custodian of military service records. Instructions are provided on the reverse of the form to assist in determining the correct forwarding address.
The children of an eligible veteran are not eligible for the home loan benefit. An unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability is eligible for the home loan benefit. If you wish to make an application for the home loan benefit as a surviving spouse, please reach out to us. In addition, a surviving spouse who obtained a VA home loan with the veteran prior to his or her death (regardless of the cause of death), may obtain a VA guaranteed interest rate reduction refinance loan. For more information, contact one of our loan specialists today.
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