Home Loan Guaranty

Generally VA does not actually make the loan.  The VA guaranties a percentage of the loan value and helps protect lenders from loss if the borrower fails to repay the loan.  The guaranty amount will vary depending on the total amount of the loan, the value of the property involved, and whether the veteran or eligible individual previously used any of their loan guaranty entitlement.  It can be used to obtain a loan to:

• Buy or build a home
• Buy a residential condominium
• Buy a residential cooperative housing unit
• Repair, alter or improve a home
• Refinance an existing home loan
• Buy a manufactured home lot
• Buy and improve a manufactured home lot
• Install a solar heating or cooling system or other weatherization improvements
• Buy a home and install energy-efficient improvements

To find out about eligibility requirements or obtain a Certificate of Eligibility, please contact our office at 798-7611 or visit: