VA home loans are government-backed mortgage options for eligible borrowers financing a primary residence. Eligibility, entitlement, property, documentation, lender, and underwriting requirements apply.
A VA loan is a mortgage program backed by the U.S. Department of Veterans Affairs (VA). The VA does not lend money directly; eligible VA loans are originated by approved lenders and remain subject to VA requirements, lender guidelines, documentation, and underwriting.
Financing for eligible borrowers purchasing a primary residence, subject to VA entitlement, lender guidelines, documentation, and underwriting requirements.
Replace your current mortgage and access home equity for debt consolidation, renovations, or major expenses (subject to VA and lender guidelines).
A streamlined refinance option that may be available to eligible borrowers with an existing VA loan, subject to applicable VA and lender requirements.
VA loan eligibility is determined under applicable VA requirements and documented through a Certificate of Eligibility (COE). Service requirements vary based on service history, duty status, character of service, and other VA criteria. Some surviving spouses may also be eligible, subject to applicable VA requirements.
We help review your COE and entitlement information to discuss available VA loan options. Eligibility remains subject to applicable VA and lender requirements.
We verify your COE and entitlement to determine available VA benefit and program options.
We review your financing goals and available information to discuss VA loan structures that may fit your scenario. Qualification is subject to VA requirements, lender guidelines, documentation, and underwriting review.
You provide the required mortgage documentation. We issue disclosures and prepare the file for processing and underwriting.
An appraisal and property review may be required under applicable VA and lender guidelines. Lender underwriting reviews the loan file and may issue conditions based on the borrower, property, documentation, and program requirements.
Closing and funding occur only after applicable VA and lender requirements are satisfied and the lender provides final approval. Timing varies based on documentation, appraisal, title, third parties, and underwriting requirements.
A VA funding fee may apply depending on the borrower and transaction. Certain exemptions may apply under VA requirements. When permitted, the funding fee may be financed subject to applicable program and lender guidelines.
VA entitlement, lender guidelines, borrower qualifications, and property details may affect available loan amounts and financing structure. The Certificate of Eligibility helps document applicable entitlement information.
At Loans by Kelly, we help eligible borrowers review COE and entitlement information, explore available VA loan options, and navigate documentation and lender underwriting requirements.
3 Simple Steps to Start Your Mortgage Review
We begin with a conversation to understand your home financing goals and general mortgage needs.
We review mortgage options based on your goals, property type, occupancy, documentation profile, and applicable lender guidelines.
Submit a secure application to begin the mortgage review process. Any preapproval requires applicable documentation and underwriting review.
