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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

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Every situation and home is unique. We look forward to working with you on your specific need for affordable home ownership.

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Mortgages can be complex. We make them easy. If you’re not ready to apply for a Mortgage loan just yet, you might want to have a call with one of our Mortgage Team representatives first. We’ll walk through the process, ask you some clarifying questions, and answer your questions.

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Interested In Learning More?

To see what other types of mortgages we have available, along with our specialized mortgage programs, visit our Mortgage overview page.

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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 September 26, 2023

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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.

Membership and credit requirements apply. Rates and terms determined by overall credit history and subject to change. Equal Housing Lender.

Mortgage products are offered by Homeowners Advantage (HOA). Mortgages in New York State only. Home Loan interest may be tax deductible. Consult your tax professional about deductibility in your situation. HOA is a Licensed Mortgage Banker-NYS Department of Financial Services. HOA NMLS identifier: 309847. Principal Address: 4 Winners Circle, Albany, NY 12205.