VA loans

VA (Veterans Affairs) Loans

The Veterans Affairs (VA) loan began in 1944 through the original Servicemen’s Readjustment Act which is also known as the GI Bill of Rights. President Franklin D. Roosevelt signed this bill into law; and under this law, as amended, the VA is authorized to guarantee or insure home, farm, and business loans made to veterans by lending institutions. This loan was designed to provide veterans with a federally guaranteed home loan with little or no down payment, giving veterans the chance to afford a home and take part in the American dream.


VA loans are guaranteed by the United States Department of Veterans Affairs. They offer long-term financing to eligible American veterans. VA loans often do not require a down payment and offer up to 100% financing for a purchase or refinance of a home. NFM Lending can also offer “cash out” loans up to 100% of the appraised value as determined by VA. We also offer the VA Interest Rate Refinance Reduction Loan (IRRRL).


The Department of Veterans Affairs guarantees loans for active veterans, honorably discharged/disabled veterans, and spouses of deceased veterans. To be eligible, you must have a good credit score, sufficient income, a valid Certificate of Eligibility (COE), and meet certain service requirements. Always check with your Mortgage Loan Originator for exact requirements.


If you have a question about VA loans, please email us at or call us at: (888) 233-0092.

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