VA LOans

VA loans are backed by the U.S. Department of Veterans Affairs and are available to eligible active-duty service members, veterans and surviving spouses of veterans who passed as a result of a service-related injury. 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 doesn't necessarily disqualify a borrow from this program.



Interest Rate

Interest rates on VA loans are typically very competitive when comparing them to Conventional loans 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. You do not have to be a first-time home buyer to qualify for a VA loan, and you can reuse this program with any and all of your home purchases.

For those who may need to improve their credit score to become eligible to qualify for a home loan, while also building up a savings for down payment, check out our RHB Credit Builder Program.




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