VA Standard
Min. FICO 580
Up to 100% CLTV
The VA Standard loan is a mortgage program offered by the Department of Veterans Affairs (VA) to veterans, active-duty service members, and their eligible surviving spouses. It's designed to help veterans and their families buy, build, repair, maintain, or adapt a home for personal use.
Program features- Loan amounts up to $2 million
- Min. FICO 580
- Up to 100% LTV
- Manufactured homes
- No down payment required
- Limited closing costs
- Temporary rate buydowns are available
- No private mortgage insurance (PMI)
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Program request
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Program details
Loan amounts up to $2 million
Gift funds are allowed
No down payment required
Manufactured homes
Up to 100% LTV
Owner occupied only
A Certificate of Eligibility (COE) required
Income history of at least two years through employment verification (pay stubs, including LES for military employment, W-2 forms or income tax returns, bank statements, proof of other income, including but not limited to investments, rental properties, etc.)
Documentation of outstanding debts required
VA Funding fee must be paid
No private mortgage insurance (PMI) or mortgage insurance premiums (MIP) required
Temporary rate buydowns are available
Eligible VA borrowers: Active-duty service members; Members of the National Guard; Reservists; Surviving spouses of veterans; Cadets at the US Military, Air Force or Coast Guard Academy; Midshipmen at the U.S. Naval Academy; Officers at the National Oceanic & Atmospheric Administration
Eligible property: Single-family home, townhouse, multi-family up to 4 units, condo in a VA-approved project, new-built home, manufactured home
Various fixed terms
Eligible citizenship: US citizens
Fast turnaround times
As fast as
24 hr
Disclosure
As fast as
24 hr
Underwriting
As fast as
48 hr
Closing
VA Standard FAQ
What is a VA Standard loan?
A VA Standard loan is a mortgage program offered by the Department of Veterans Affairs (VA) to help veterans, service members, and their eligible surviving spouses finance the purchase of a home.
How do VA Standard loans work?
Who are VA Standard loans for?
What are the qualifications for a VA Standard loan?
Can a borrower get a COE as the spouse of a Veteran?
How long does it take to close on a VA Standard loan?
Are there any mortgage insurance requirements for a VA Standard loan?
Why isn't mortgage insurance required for a VA loan?
Can a borrower get help with their down payment on a VA Standard loan?
Can VA Standard loans be refinanced?
What are the interest rates on VA Standard loans, and how are they determined?
What is the maximum loan amount for a VA Standard loan, and how is it determined?
To start doing VA with AD Mortgage you need to be VA approved partner and establish agent relationship with AD in VA system. Once you are VA approved, please, send an email with Agent VA ID Number, Federal tax ID, NMLS and Company name to sponsorship@admortgage.com so your request can be reviewed.