VA-Guaranteed Home Loans

The Veterans Administration (VA) offers 3 home loan guarantee programs for US Active Duty Service Members, Veterans, National Guard members, Reserve Members and certain surviving spouses. The loan types are Purchase Loans, Streamline Refinance Loans (IRRRL), and Cash-Out Refinance Loans. Eligible borrowers may obtain up to 100% financing. To qualify for a VA-backed loan, you must obtain a Certificate of Eligibility (COE) from the VA that verifies you or your spouse’s military service. The easiest way for you to obtain a COE is through ebenefits.va.gov. An ENB Mortgage Expert can also help you obtain a COE and explain your options. This program also allows for seller assistance for closing costs – making it possible for a Veteran to purchase a primary residence for as little as $500.