Ask Erin: VA Loans

With 100% Financing programs disappearing, VA Loans are making a comeback. Over the last few years, the conventional 100% Financing programs offered by banks and other lenders had better terms than most VA Loans…

In the last couple weeks, I have had many prospective clients ask me about VA programs. A few pointers:

-Make sure you are indeed eligible! Here is a link to the general eligibility guidelines per the Department of Veterans Affairs: Many people do not know that you may be eligible if you served with Allied US Forces, if you are the spouse of a POW, the un-remarried spouse of a veteran who died in service, etc.
-Make sure you obtain a Certificate of Eligibility from the Department of Veterans Affairs by completing form 26-1880. This can be done at
-Obtain or locate any paperwork in regard to your most recent discharge or separation papers covering active military duty since September 16, 1940.
-Make contact with a local loan officer who works with VA Loans…if you are a regular reader of this blog, you will know that I recommend Marlena Olson with the Vitek Mortgage Group. She has worked with my clients who have used VA Loans, and she can be reached at 916-486-6900.