VA Loans in Indiana

If you have served our country, you may be eligible to purchase a home with an affordable zero down loan through the VA mortgage program.

What is a VA Mortgage?

The VA mortgage program is one of the ways that our country thanks you for your service. Through this program, the US Department of Veterans Affairs backs home loans for eligible veterans, active duty service members, and surviving spouses.

The result is an affordable home loan that is easy to qualify for even without a perfect credit score.

Zero Down and Other VA Loan
Benefits

With a VA mortgage, you can:

• Pay competitive mortgage rates, even if you do not have an ideal credit score.
• Buy a home now with zero down payment.
• Pay closing costs capped at 3% (sometimes covered by the seller).
• Avoid paying for MIP or PMI, even if you choose to put zero down.

An additional benefit for veterans who are refinancing is that you do not have to get an appraisal if discount points are not charged.

Also, the funding fee for a VA mortgage can be waived if you are an eligible disabled veteran.

Qualifying for an Indiana VA
Mortgage

How do you know if you can buy a home with a zero down VA mortgage in Indiana? These are the basic requirements:

• Any of the following categories describe your status: active-duty service member, veteran, or eligible surviving spouse.
• You are able to provide a Certificate of Eligibility (COE). Not sure what a COE is or how to get one? We can help.
• You have fulfilled the minimum requirements of service.
• You pass an assessment of your credit score, debt-to-income (DTI) ratio, and income.
• You are buying a primary residence.

To determine the exact service requirements, we need to know in what era you served. But for the majority of duty eras, you can meet this requirement with 90 days of active duty wartime service or 181 days of continuous active duty peacetime service.

At your consultation, we can determine the precise minimum requirement that you need to meet and whether you qualify based on your service.

Apply Now for a VA Loan in Indiana

If you are ready to take advantage of the benefits you have earned through your service and move into a home with zero down, please give us a call today at (219) 756-5626 to schedule your consultation. We work with veterans in Merrillville and throughout Indiana.