The VA Loan Program

Veteran’s Administration or “VA” loans are available for active, non-active and retired Army, Air Force, Marine, Navy, National Guard, and Coast Guard veterans (or their eligible surviving spouses) who meet the established service requirements. This loan is offered with both Fixed-Rate and Adjustable Rate Mortgage options.

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Highlights & Benefits

Cash Requirements

100% financing/no down payment

Generous Reserve Requirements

Little to no cash reserve needed

Closing Options

Seller can pay for closing costs and some required repairs

Leaner Payment Requirements

No monthly Private Mortgage Insurance (PMI)

Flexible

Available for purchase and refinance

Pay Off Early

No prepayment penalty

More About The VA Loan Program

The VA home loan is designed to promote homeownership for current and former service members. This VA loan option is a 100% home financing opportunity that helps qualified veterans (or eligible family members) purchase, refinance, or repair a home. You don’t need to be a first-time homebuyer to take advantage of this loan program, and there are zero down payment options up to specific loan amounts.

Additional VA Loan Options

For loans that exceed county-specific VA loan limits

VA Loan Options

  • Home Purchase Loans

    Purchase your first home or your next home.

  • Cash-out Refinance Loans

    Allows the borrower to borrow against home equity to pay off other debts, make home improvements, or to fund schooling.

  • Interest Rate Reduction Refinance Loans (IRRRLs)

    Helps the borrower to obtain a lower interest rate by refinancing their existing VA loan. The new loan would also be a VA loan and has the same requirements/benefits while allowing the borrower to either lower their fixed interest rate loan or convert an adjustable-rate mortgage into a fixed-rate mortgage.

Atlantic Coast Mortgage, LLC (“ACM”) is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA, or the Federal or State Government.

Refinancing an existing mortgage may increase your total finance charges over the life of the loan. Your actual rate, payment, and costs will vary based on factors such as your credit profile, loan amount, loan-to-value ratio, debt-to-income ratio, and property type. Loan approval is subject to underwriter review, and all applicants may not qualify. A cash-out refinance replaces your current mortgage with a new, larger loan, allowing you to access the difference as cash. The interest rate on your new loan may be higher or lower than your existing rate, potentially affecting your monthly payment and overall loan costs. While using home equity to consolidate debt may reduce your monthly payments, it could extend the repayment period or increase the total interest paid over time.

Looking for another type of loan?

Learn more about what financing options we have available
Purchase Loan Options
Refinance Loan Options
Reverse Loan Options
Construction & Renovation Loan Options

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