VA Mortgage Loans

VA loans are one of the best options available for veterans in Alaska that would like to purchase a home or refinance their current VA mortgage. The VA program allows veterans to purchase a home with no down payment and 100% financing. In addition to this monthly mortgage insurance is not required which makes the VA program one of the most affordable options available. If a veteran is already on a VA loan, they can take advantage of a reduced documentation refinance by using the streamline program to lower their payments. 

There are many common misconceptions about a VA home loan and our experienced Mortgage Advisors will help guide you through the VA loan requirements and make sure that you are aware of the excellent benefits that this loan program provides. For example, did you know that you can have more than one VA loan at a time? Also, there are additional benefits if you qualify as a disabled Veteran. Make sure that you have a local Alaskan Mortgage professional on your team to customize your VA home to meet your individual needs. This is one of the ways that we can serve you and you deserve to have a strong lender to work for you to get you to the home loan closing. 

Alaska has a larger than average percentage of active duty and retired veterans in our state due to our military bases, and we have closed thousands of VA home loans for our local veterans. We love the chance to be able to work for our veterans to do our part to give back and guide them through our local market.

• No down payment
• No mortgage insurance
• Credit scores down to 580
• No prepayment penalty ever
• Expanded Debt to income Ratios may be accepted
• A VA loan may also be assumable
• Allows for 4% seller paid closing costs

• World War II – September 16, 1940 to July 25, 1947
• Korean Conflict – June 27, 1950 to January 31, 1955
• Vietnam Era – August 5, 1964 to May 7, 1975
• Persian Gulf War – Check with VA regional office for specific eligibility
• Afghanistan and Iraq – Check the VA’s Website for eligibility guidelines for current service in Afghanistan and Iraq

Members who have completed six years of service and have been honorably discharged (or are still serving) may be eligible for a VA loan. Contact your regional VA office for more details.

Peacetime service of at least 181 days of continuous active duty with no dishonorable discharge. If you were discharged earlier due to a service-connected disability, you should speak with the regional VA office to verify eligibility.

• July 26, 1947 to June 26, 1950
• February 1, 1955 to August 4, 1964, or
• May 8, 1975 to September 7, 1980 (enlisted) or to October 16, 1981 (officer)
• Enlisted veterans whose service began after September 7, 1980, or officers whose service began after October 16, 1981, must normally have served at least two years.

• Certain US citizens who served in the armed forces of a government allied with the United States during World War II
• Surviving spouses of eligible persons who died as the result of service or service-connected injuries. The surviving spouse must not have remarried
• The spouse of any member of the Armed Forces serving on active duty who has been listed as a prisoner of war or missing in action for more than 90 days