VA Home Loans Made Easy
Helping Veterans and Military Families Achieve Homeownership
At INB, we're honored to help veterans, active duty servicemembers, members of the National Guard and Reserves, and eligible surviving spouses achieve the dream of homeownership.
A VA home loan is a mortgage provided by private lenders like INB and guaranteed by the U.S. Department of Veterans Affairs (VA). This government backing allows eligible borrowers to enjoy valuable benefits, including no down payment, no monthly private mortgage insurance (PMI), and competitive interest rates.
Whether you're buying your first home, upgrading to a larger home, or refinancing an existing mortgage, our experienced mortgage team is here to guide you every step of the way.
Ready to get Started? Speak with an INB Mortgage Lender Today
Why Choose a VA Home Loan with INB?
VA loans are designed to make homeownership more affordable for those who have served our country.
Benefits of a VA Home Loan
- No down payment required for eligible borrowers
- No monthly private mortgage insurance (PMI)
- Competitive interest rates
- Flexible credit guidelines
- Limited closing costs
- Seller contributions may be allowed
- Reusable VA loan benefit for future home purchases
- Backed by the U.S. Department of Veterans Affairs
Why These Benefits Matter
Buy a Home with No Down Payment
One of the biggest advantages of a VA loan is the ability for eligible borrowers to purchase a home without a down payment, helping preserve savings for moving expenses, home improvements, or future financial goals.
No Monthly PMI
Unlike many conventional mortgages, VA loans do not require monthly private mortgage insurance, which can significantly reduce your monthly payment.
Competitive Interest Rates
VA loans often offer interest rates that are lower than many conventional loan options, helping make homeownership more affordable over time.
Flexible Financing
Because VA loans are backed by the federal government, they often provide more flexible qualifying guidelines than many conventional mortgage programs.
Who Is Eligible?
You may qualify for a VA home loan if you are:
- An active duty servicemember
- A military veteran
- A member of the National Guard
- A member of the Reserves
- An eligible surviving spouse
Eligibility is determined by the Department of Veterans Affairs and is based on factors such as your length of service, duty status, and character of service.
Not sure if you qualify? Our mortgage team can help determine your eligibility.
What Is a Certificate of Eligibility (COE)?
A Certificate of Eligibility (COE) confirms that you qualify for a VA home loan.
Request a Certificate of Eligibility here.
Don't worry if you don't already have one. Once you begin your mortgage application, INB can help you obtain your COE through the Department of Veterans Affairs.
How the VA Home Loan Process Works
Buying a home doesn't have to be complicated. Here's what you can expect:
Step 1: Complete your mortgage application with INB.
Step 2: We'll verify your VA eligibility and obtain your Certificate of Eligibility.
Step 3: We'll review your financial information and discuss your loan options.
Step 4: Once you've found your home, we'll order the required VA appraisal.
Step 5: Our underwriting team reviews your loan.
Step 6: Close on your new home and receive your keys.
Our experienced mortgage professionals will guide you throughout the entire process.
VA Home Loan Options
Purchase Loan
Purchase a primary residence using your VA home loan benefit while taking advantage of little to no down payment and competitive financing.
Cash out Refinance Loan
Refinance your existing mortgage and access available home equity for eligible expenses such as home improvements or debt consolidation.
Native American Direct Loan (NADL)
Eligible Native American veterans and veterans married to Native Americans may qualify to purchase, build, or improve a home on federal trust land.
Learn more about Native American Direct Loans through the U.S. Department of Veterans Affairs.
Interest Rate Reduction Refinance Loan (IRRRL)
If you have an existing VA home loan, you may be eligible for an IRRRL to help reduce your monthly payments or stabilize them.
VA Loan vs. Conventional Loan
| Feature |
VA Loan |
Conventional Loan |
| Down Payment |
Eligible borrowers may qualify for no down payment |
Down payment requirements vary by loan program |
| Monthly PMI |
No monthly PMI required |
May be required, depending on loan terms |
| Government Backing |
Yes |
No |
| Eligible Borrowers |
Veterans and eligible servicemembers |
Anyone who qualifies |
The information above is provided for general informational purposes only and is not a commitment to lend. Loan eligibility, rates, terms, and program requirements are subject to change and may vary based on borrower qualifications and applicable guidelines. Contact an INB Mortgage Lender for current program details.
Frequently Asked Questions
Do I need a down payment?
Eligible borrowers may purchase a home with no down payment through the VA loan program.
Do I have to be a first-time homebuyer?
No. You can use a VA home loan even if you've previously owned a home.
Can I use my VA loan benefit more than once?
Yes. Many veterans are eligible to use their VA loan benefit multiple times.
What is the VA funding fee?
The VA funding fee is a one-time fee that helps support the VA loan program. Many borrowers choose to finance this fee into their mortgage, and some veterans may qualify for an exemption.
Do VA loans require mortgage insurance?
No. VA loans do not require monthly private mortgage insurance.
What credit score is required?
The VA does not establish a minimum credit score requirement. Your lender will review your overall financial profile when determining loan eligibility.
Can I finance closing costs?
Depending on your loan and circumstances, certain closing costs may be financed or paid through seller concessions where permitted.
Why Choose INB?
Choosing the right lender is just as important as choosing the right loan.
When you work with INB, you'll receive:
- Experienced mortgage lenders who understand VA financing, like Corey Kates who is a VA Home Loan Specialist!
- Personalized guidance from application through closing
- Local decision making
- Competitive mortgage solutions
- Dedicated service before, during, and after your home purchase
- We're proud to serve those who have served our country.
"Helping veterans achieve homeownership is one of the most rewarding parts of what I do. My goal is to make sure every veteran understands the benefits they've earned and feels confident throughout the mortgage process." Corey Kates, AVP, Mortgage Lender, Veteran Mortgage Advisor
Ready to Get Started?
Whether you're purchasing your first home or your next home, INB is here to help you understand your VA loan benefits and choose the mortgage solution that's right for you.
Talk with an INB Mortgage Lender today.
Call 217-747-5500 or Contact Us today.