Guaranteed by the U.S. Department of Veteran Affairs, the VA loan program is designed to assist both current active duty military members and veterans achieve homeownership. Eligible borrowers for this program are allowed to borrow at a higher percentage of the home value and the loan is guaranteed by the government against default.

Who is eligible?

Active members of the military, veterans, and members of the National Guard are qualified to apply for VA loans. Spouses of service-connected disability or deceased military members may also apply for these types of loans.

Benefits and tips

There is no down payment required and no monthly mortgage insurance payments. The minimum credit score required is as low as 500.

Keep in mind, when choosing to take out a VA loan a one-time fee will still be require. The amount depends upon the size of the loan and the type of veteran applying. Even though VA loans generally carry less costs than other types of loans, it is still good to keep this one-time fee in mind.

For further queries, please Contact The Kolesar Team today and find out if you qualify for a VA loan for your Orange County, San Diego County, or Los Angeles County  home!


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