You Served us. Now let us Serve you.

As a Veteran, you may find yourself in one of the following situations: You need to purchase a new home for you and your family. You need to refinance your existing home to lower your payments and ease financial burdens. You need extra cash to pay off debts, medical bills, education costs, etc. You were injured in the line of duty and now need to modify your home to accommodate your disability and increase your quality of life.

VA home loans are guaranteed by the U.S. Department of Veterans Affairs. The VA helps service members, Veterans and eligible surviving spouses become homeowners. As part of their mission to serve you, they provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain or adapt a home for your personal occupancy.

No matter what your situation is, iDirect wants to help you with your home goals. Our VA Home Loan Program offers advanced benefits, compared to most lenders, enabling you to take full advantage of all the VA loan program has to offer.

Why use a VA Loan? 

VA guaranteed purchase loans may help you purchase a home at a competitive interest rate often without requiring a down payment or private mortgage insurance. VA refinance loans can be used to replace your high interest or variable rate mortgage with a lower fixed rate mortgage. VA cash out refinance loans allow you to take cash out of your home equity to take care of concerns like paying off debt, funding school, or making home improvements. Interest Rate Reduction Refinance Loan (IRRRL), also called the Streamline Refinance Loan, can help you obtain a lower interest rate by refinancing your existing VA loan.

Who qualifies for a VA Loan?

• Veterans
• Reservists
• Active-duty personnel
• Surviving spouses of veterans

The length of your service or service commitment and/or duty status may determine your eligibility for specific home loan benefits. Qualifcation for a VA Home Loan will also be dependent on your credit score, income, a valid Certificate of Eligibility (COE), and meeting certain service requirements.

What are the benefits of a VA Home Loan?

• Zero down payment
• 100% financing towards purchasing a new home, refinancing a current mortgage, or improving an existing home
• No monthly mortgage insurance premiums
• Closing costs may be paid by the seller
• VA rules limit the amount you can be charged for closing costs
• Can be used more than once

What properties qualify?

• 1-4 unit residential properties
• Approved condos
• Townhouses

The iDirect VA Home Loan Program

• 100% Purchase Financing
• 90% Cash Out Refinance
• Up to 135% LTV on Interest Rate Reduction Refinance Loan (on an existing VA loan)
• VA Adapted Housing Grants