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Government Veterans' Assistance (VA) Loan

Helping Those Who Have Served

First Source is proud to offer our veterans a mortgage distinctly designed for them, allowing for 0% down.

Female Veteran receiving a hug from a loved one.

How Does A Government VA Loan Work?

Applying for a Veteran Assistance loan requires a Certificate of Eligibility from the U.S. Department of Veteran Affairs. Obtaining your COE is done using your DD214 and applying for eligibility on the U.S. Department of Veteran Affairs’ website. Once you’ve gathered your COE, First Source is happy to help you apply for your VA loan.

Who Qualifies For A Government VA Loan?

VA loans may be offered to veterans and current service members in the military, National Guard and Reserves. You may be eligible for a COE if you did not receive a dishonorable discharge and you meet the minimum active-duty service requirements based on when you served.

What Are The Requirements To Use A Government VA Loan?

  • 100% financing available for 1-4 unit properties

  • Must be owner-occupied

  • Must be an eligible veteran or current service member in the military, National Guard, or Reserves

  • Seller can contribute up to 4% toward closing costs and unlimited prepaid costs

  • Your DD214 and Certificate of Eligibility are required

Get Started Today

Everyone’s situation and home is unique. We look forward to working with you on your specific need for affordable home ownership. If you’re not ready to start the mortgage loan application process, you might want to consider scheduling an introductory discovery call with one of our Mortgage Team representatives. Simply click on the button below, select the “Apply for a Loan” service from the menu and choose the “Mortgage Services” option.

Let’s Get Started

We look forward to helping you.

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Not sure how much house you can afford?

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Diana’s experience getting a new mortgage shows why choosing the right lender can make all the difference.

Mortgage Loans

Check today’s mortgage loan rates effective October 19, 2021

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*Annual percentage rate
Mortgages in New York State only. Information is based on a loan amount of $160,000, credit score above 740, and loan-to-value at or below 60%. Your actual annual percentage rate may be different. All rates are subject to change without notice.

If an escrow account is required or requested, the actual payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rates are based on a purchase or no cash out refinance, cash out options may affect your rate.

First Source credit and membership eligibility requirements apply. 

Mortgage products are offered by our Mortgage Team, Homeowners Advantage (HOA), which is a subsidiary of CAP COM FCU. HOA is a licensed Mortgage Banker – NYS Dept. of Financial Services. HOA NMLS Identifier: 290363. Principal Address: 4 Winners Circle, Albany, NY 12205. CAP COM FCU NMLS Identifier: 401261.