VA LOans

VA home loans help veterans buy homes at competitive interest rates. This is typically the best option for eligible veterans, active-duty military, and surviving spouses of veterans who passed as a result of a service-related injury. VA home loans require no down payment and offer flexible loan terms. These loans are guaranteed by the U.S. Department of Veterans Affairs (VA). An eligible VA borrower may use their VA home loan benefit more than once to buy or refinance their primary residence.


Our Most Popular Home Loan Options

VA Features


Down Payment

VA loans require no down payment. VA loans offer up to 100% financing on the value of a home and borrowers do not have to be first-time home buyers to be eligible.


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There are minimum income requirements set to be able to qualify for these loans. The VA does not set maximum income limits. Income must be verified as full-time and a two year employment history is preferred. Most other income sources such as income from interest, dividends, disability, retirement or pensions are usually accepted after they are properly reviewed.


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Credit Score

The VA doesn’t set a minimum credit score requirement for the VA loan, but lenders will typically have a credit score benchmark. VA loans have more flexible loan terms, and a low credit score does not necessarily disqualify a borrow from this program. A borrower who has made timely payments for at least the last 12 months demonstrates their willingness to repay future credit obligations.



Interest Rate

Interest rates on VA loans are typically very competitive when comparing them to Conventional loan rates.




VA loans assist service members, veterans and eligible surviving spouses. There are certain guidelines that must be met in order to qualify. Assistance is available from the VA to help borrowers avoid default. Check on eligibility requirement for service time, loan limits, and more.


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Va loans do not require a down payment or Private Mortgage Insurance (PMI). A one-time funding fee is paid to the VA, but this fee is usually financed within the loan itself. RHB does not charge processing or origination fees on any VA loan. So eligible borrowers have no out-of-pocket costs when you finance through RiverHills Bank.


IN Conclusion

If you can qualify for a VA home loan, they are typically the best mortgage option available. VA loans don't require a down payment and have lenient qualification standards in terms of income and credit. This program also usually offers the lowest interest rate of all other mortgage products. The VA loan program does more than others to look out for borrowers' best interests by making sure they have enough money left to live on once their bills are paid.