Delaware VA Loans

For qualified veterans, buying a house in Delaware is easier and more affordable than ever. Whether looking to move off base, relocate your family or build your dream home, by going through the VA you will be able to afford more house than ever before. Since going into effect in 1944, the VA Loan Guaranty Program has helped millions of veterans and their families find and afford their ideal houses. It is now even more affordable and simple to obtain a Delaware VA Loan than ever.

Benefits of a VA Loan:

  • No down payment
  • No monthly mortgage insurance
  • Low interest rates
  • Minimal closing costs
  • Flexible repayment plans
  • Easy, streamlined refinancing

How to qualify

In order to qualify for a VA Loan in Delaware, you must have served 181 days of continuous active-duty service. For veterans, this time frame also applies and the veteran must have been discharged under honorable circumstances. For veterans who served overseas during wartime in Korea, WWII or Vietnam, qualification is issued for having served 90 days and been honorably discharged. There are also some situations where the widow or spouse of a veteran may qualify.

Steps to obtaining a loan

The first thing you will need to do in order to obtain your VA Loan is to fill out the VA’s eligibility form and be issued a Certificate of Eligibility (COE). Then, you can either start house shopping right away or get pre-approved for a loan. Once you’ve settled on the house, you will need to start the loan process which involves supplying credit and financial information, your COE, and filling out all necessary paperwork. Once you’ve done all the paperwork and paid the closing fees, it’s time to enjoy your new home!

Buying a house in Delaware is easier and more affordable than ever. With the increased loan limits combined with lower housing prices, it’s possible to buy that house you’ve always dreamed about.

Get Started Right Now

It’s never been easier to get started with a VA refinance. Simply fill out our secure 1-minute quote request form and start comparing rates today.

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