VA Loans

Loans Exclusively For Veterans

Nationwide Equities offers VA loans to help active military, veterans, and qualified family members obtain homeownership. Backed by the U.S. Department of Veterans Affairs a VA loan is one of the best loan options available for those who have served. Here are some of the benefits of a VA loan:

Features & Benefits

Get to know more about VA home loans

Please contact us today to learn more about obtaining a VA loan. 

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Frequently Asked Questions

What are the basic eligibility requirements?

There are basic eligibility requirements for veterans and service members, along with members of the Reserves, the National Guard, and surviving spouses. You May Be Eligible for a VA Loan If Any One of the Following is True:
• You served 181 days during peacetime (Active Duty)
• You served 90 days during wartime (Active Duty)
• You served 6 years in the Reserves or National Guard
• You are the spouse of a service member who died in the line of duty or because of a service-connected disability.

How do I apply for a VA guaranteed loan?

To apply or even inquire more about a VA loan, you can contact Nationwide Equities, a preferred mortgage lender. Then, you will need to get a Certificate of Eligibility from VA to prove that you are eligible for a VA loan.

What are federal benefits for Veterans, Dependents, and Survivors?

Veterans of the United States armed forces may be eligible for a broad range of benefits and services provided by the U.S. Department of Veterans Affairs (VA). Eligibility for most VA benefits is based upon discharge from active military service under other than dishonorable conditions. Active service means full-time service, other than active duty for training, as a member of the Army, Navy, Air Force, Marine Corps, Coast Guard, or as a commissioned officer of the Public Health Service, Environmental Science Services Administration or National Oceanic and Atmospheric Administration, or its predecessor, the Coast and Geodetic Survey.

What is the VA funding fee?

Law requires the VA funding fee. The fee is intended to enable the veteran who obtains a VA home loan to contribute toward the cost of this benefit and thereby reduce the cost to taxpayers. The funding fee for second-time users who do not make a down payment is slightly higher. The idea of a higher fee for second-time use is based on the fact that these veterans have already had a chance to use the benefit once, and also that prior users have had time to accumulate equity or save money towards a down payment.

Can I lower monthly payments with a VA loan?

The VA has two major refinance programs. One, the Interest Rate Reduction Refinance Loan, better known as a VA Streamline, helps homeowners get into a lower-rate mortgage to reduce their monthly payment. VA Streamlines come with minimal hassle and paperwork. The VA does not require appraisals or credit checks on Streamlines, but some lenders have recently made them mandatory. We are still able to process some Streamlines without an appraisal, which is a tremendous benefit given the decline in home values across the country. Homeowners have to pay closing costs on a VA Streamline. But these can be rolled into the overall loan amount, along with up to $6,000 in energy efficiency improvements.
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