VA Loan
A VA loan is a no-money-down mortgage option available to veterans, service members, and select military spouses. VA home loans are issued by private lenders and are fully or partially backed by the Department of Veterans Affairs.
Serving Our Veterans Back Home
Our team at Core Bank is passionate about helping you get a VA loan that meets your needs. We can help you understand VA loan rates, VA home loan benefits, who qualifies for a VA loan, and more! Give us a call or visit in person and we’ll gladly talk you through your questions and options!
What Is a VA Loan?
Created in 1944 by the U.S. government to help returning service members purchase homes, the U.S. Department for Veterans Affairs has guaranteed more than 24 million VA loans to help veterans, active duty military members, and their families purchase or refinance homes.
VA loans function differently than typical mortgages. The Department of Veterans Affairs does not create loans, but rather backs a portion of each loan against default. This guarantee gives private lenders the confidence to offer $0 down financing plus affordable terms and loan rates.
Va Loan Faqs
How does a VA loan work?
Once applicants are approved, they work with a private lender, such as a bank or mortgage company, to secure their VA loan. Because the U.S. Department for Veterans Affairs guarantees part of the loan against loss, these private lenders can offer better loan terms, such as zero down payment.
Who qualifies for a VA loan?
Veterans, active duty service members, and National Guard and Reserve members may be eligible for VA home loans. Discharged members and spouses of veterans may also qualify. Those applying for a VA loan must fill out a Certificate of Eligibility (COE).
How does one apply for a VA loan?
Start by filling out the COE and choosing your loan type. The rest of the application process varies by the type of loan you apply for.
Get Pre-Qualified
Ready to apply for a loan from Core Bank? Get pre-qualified now! Simplify the entire loan process online, without having to stop into a local Core Bank Branch.
Contact Core Bank
If you’re a military member or veteran, we at Core Bank would love to help you apply for and receive a VA home loan! Get in touch with us and we’ll help you through every step of the process!
Apply Now
Don’t wait until tomorrow to apply for the loans you need today. Apply today for any of Core Bank’s primary personal and business loans online, without hassle!