Real Estate - Odum Smith Jr, MRP

VA HOME LOANS

We offer VA home loan programs to help you buy, build, or improve a home or refinance your current home loan—including a VA direct loan and 3 VA-backed loans. Learn more about the different programs, and find out if you can get a Certificate of Eligibility for a loan that meets your needs.

How does a VA direct home loan work?
With a VA direct home loan, we serve as your mortgage lender. This means you’ll work directly with us to apply for and manage your loan.

The Native American Direct Loan (NADL) program often has better terms than a home loan from a private lender (a private bank, mortgage company, or credit union). Find out if you qualify for a NADL

How does a VA-backed home loan work?
With a VA-backed home loan, we guarantee (or stand behind) a portion of the loan you get from a private lender. If your VA-backed home loan goes into foreclosure, the guaranty allows the lender to recover some or all of their losses.

Since there’s less risk for the lender, they’re more likely to give you the loan under better terms. In fact, nearly 90% of all VA-backed home loans are made without a down payment.

Lenders follow our VA standards when making VA-backed home loans. They may also require you to meet additional standards before giving you a loan.

These standards may include having a high enough credit score or getting an updated home appraisal (an expert’s estimate of the value of your home).

GET YOUR DD-214

VA LOAN TYPES & ELIGIBILITY

Purchase loan
Looking to buy a home? Find out if you're eligible for a VA-backed purchase loan to get better terms than with a private-lender loan.

Native American Direct Loan (NADL) program. Are you a Native American Veteran or a Veteran married to a Native American? Find out if you're eligible for a NADL to buy, build, or improve a home on federal trust land.

Interest Rate Reduction Refinance Loan (IRRRL)
Have an existing VA-backed home loan? Find out if you're eligible for a VA-backed IRRRL to help reduce your monthly payments or make them more stable.

Cash-out refinance loan
Want to take cash out of your home equity to pay off debt, pay for school, or take care of other needs? Find out if you're eligible for a VA-backed cash-out refinance loan..

Eligibility requirements for VA home loan programs

Learn about VA home loan eligibility requirements for a VA direct or VA-backed loan. Find out how to request a Certificate of Eligibility (COE) to show your lender that you qualify based on your service history and duty status.

Keep in mind that for a VA-backed home loan, you’ll also need to meet your lender’s credit and income loan requirements to receive financing.

Can I get a Certificate of Eligibility for a VA direct or VA-backed home loan?
You may be able to get a COE if you didn’t receive a dishonorable discharge and you meet the minimum active-duty service requirement based on when you served.

GET YOUR COE

VA LOAN MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get more info from a local expert!

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