VA Loan | Bay Equity Home Loans
VA Loans

Helping veterans come back
to a place that feels like home.

What is a VA home loan?


A VA home loan is a mortgage guaranteed by the United States Department of Veteran Affairs, designed to help military members move into the homes of their dreams.

What are some VA home loan benefits?


  • No down payment for purchases
  • No prepayment penalties
  • Lower average interest rates
  • No monthly mortgage insurance
  • Limitations on buyer’s closing costs
  • Cash-out loans
  • Interest rate reduction loans

What are the current rates of a VA loan?


Interest rates on VA home loans change all the time based on market trends. While we can’t guarantee your specific rate here and now, talk to one of our loan officers to lock in your exact interest rate.

How do I qualify for VA home loan eligibility?


Qualifying for a VA loan takes more than military service. Although it’s definitely a base requirement, VA home loan requirements say you will need to have served the equivalent of one of the following terms:

  • Honorable discharge after 90 days of active service during wartime
  • Honorable discharge after 181 days of active service during peacetime
  • Two-year requirement of service enlisted after 9/7/1980
  • Six or more years of service in the National Guard or Reserves

The spouse of a service member who has died in the line of duty or as a result of a service-related disability is also eligible for this mortgage program. Talk to one of our loan officers about your VA home loan options today.

Qualifying also takes into consideration income and credit.

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Home-buying by numbers

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Your monthly mortgage
Estimate includes principal and interest only. It does not include taxes and insurance. Talk to a loan officer for specific calculations.

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What’s your monthly payment?


Estimate your monthly mortgage with this home loan calculator. Just remember, your results are only estimates.

Talk to one of our loan officers to get an official figure. We’re here to help.

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