VA Loans

LOAN OPTIONS

VA Loans

Aerial view of a neighborhood
Aerial view of a neighborhood

LOAN OPTIONS

VA Loans

Veterans Affairs Loans

United Bank is proud to work with Military Families and Veteran Homebuyers. Our experienced Loan Officers can help you navigate the home mortgage process to get you into your new home with ease. Thank you for your service and the sacrifice you and your family have made.

About VA Loans

A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs (VA) specifically for members of the military to buy and refinance homes. Eligible veterans, active-duty service members, reservists and their spouses may be able to finance a home with no down payment and flexible credit requirements.

VA entitlement is linked to the VA guarantee, which works like mortgage insurance and protects a lender against losses if you default, much like mortgage insurance charged on conventional and FHA loans. However, the VA guarantee isn’t added to your monthly payment or charged as a lump sum, resulting in a lower VA monthly payment compared to a low down payment conventional or FHA loan.

Eligibility

If you’ve served in the Army, Navy, Air Force, Marines, Coast Guard, Public Health Service Corps, or National Oceanic and Atmosphere Administration (NOAA) Corps, you may have earned VA loan benefits. You may be eligible if you:

  • Served 2 years Regular Service
  • Served 6 years Reserves/National Guard
  • Served 90 days Active Duty during war-time
  • Served 181 days Active Duty during peacetime
  • Released early for duty-related disability
  • Are a surviving spouse of a veteran
  • Are a cadet or midshipmen of a U.S. military academy
  • Are a member of certain other Federal service orginizations

 

Knowledge

  • VA home loans often have lower interest rates and closing costs than conventional loans
  • You may not have to make a down payment and mortgage insurance is not required
  • You do not have to pay a penalty if you pay off your VA home loan early

You will need to get a Certificate of Eligibility (COE) to prove you are eligible for a VA loan. Then you can apply for a VA loan through United Bank.

Typically, you can apply for a COE through www.ebenefits.va.gov. However, in some cases, your lender may be able to establish your eligibility and obtain your COE online. Ask us about using this method to obtain a COE.

Yes, there are VA Loan refinance options. Learn more. 

Possibilities

  • Fixed-Rate and Adjustable-Rate (ARM) Loan Options
  • No private mortgage insurance requirement
  • 100% financing up to the VA lending limit in your area1
  • No Down Payment Required (in most cases)
  • Right to prepay loan without penalties
  • Closing costs comparable – and sometimes lower – than other financing types
  • Mortgage can be taken over (or “assumed”) by the buyer when a home is sold. (Must be VA eligible)
  • Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan

Locate a Mortgage Loan Officer near you.

Find a Mortgage Loan Officer

Need help? Give us a call.

800.327.9862

We’ll get right back to you.

Send Email

VA loans require a non-refundable VA funding fee at closing. Maximum VA loan amounts vary by county. United Bank, LLC is not endorsed by, or affiliated with any government agency or program.

At United Bank, our goal is to provide you with peace of mind and eliminate any concerns about rising rates when you purchase a new construction home. Our Extended Rate Protection program options offer you the best of both worlds, long-term rate lock protection for up to 270 days with the ability to float down to a lower rate at any time two weeks prior to closing.1

United Bank is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Reserve, Federal Reserve Consumer Help, PO Box 1200, Minneapolis, MN 55480.
This is not a commitment to lend. Mortgage products and services are offered through United Bank. All loan applications are subject to credit and property approval and must meet loan program requirements to qualify. Annual Percentage Rate (APR), programs, rates, fees, closing costs, terms and conditions are subject to change without notice and may vary depending upon credit history and transaction specifics. Other closing costs may be necessary. Flood and/or property hazard insurance may be required.  Speak with a Mortgage Loan Officer for more specific information.
United Bank and its representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences.

YOU ARE NOW LEAVING UNITED BANK'S WEBSITE

 

You are now leaving www.BankWithUnited.com and being redirected to a website that is not operated by United Bank. Please be aware, United Bank is not responsible for the content or availability of this website and its privacy and security policies may differ from those of United Bank.

 

Continue