VA LOANS —

HOME FINANCING BENEFITS FOR THOSE WHO SERVED

Service to country deserves service in return. VA loans are one of the most powerful home financing benefits available — offering eligible veterans, active-duty service members, and qualifying spouses the ability to purchase a home with no down payment, no private mortgage insurance, and competitive interest rates.

At Essex Mortgage, we're proud to support those who have served. Our experienced loan officers walk you through every step — from confirming eligibility to closing — so you can focus on the home, not the paperwork.

What Is a VA Loan?

The U.S. Department of Veterans Affairs (VA) backs or guarantees loans issued by VA approved lenders. This is a powerful benefit available to those who have served — including eligible service members, veterans, members of the National Guard and Reserves, and certain surviving spouses.

Specific eligibility is based on the length and nature of your service. Active-duty service members, veterans, National Guard members, and Reservists each have their own service requirements, and the rules can vary depending on when and how you served. Surviving spouses of service members who died in the line of duty or from a service-connected condition may also qualify.

Benefits of a VA Loan

VA loans offer some of the strongest advantages available to eligible borrowers:

• No down payment required for most borrowers — one of the few loan programs that offers 100% financing
• No private mortgage insurance (PMI) — even with no money down
• Competitive interest rates — often more favorable than conventional loan rates
• Limits on certain closing costs that can be charged to the borrower
• Flexible credit guidelines — typically more forgiving than conventional standards
• No prepayment penalty — pay off your loan early without fees
• Reusable benefit — VA loan eligibility is a lifetime benefit, not a one-time use

Who Qualifies for a VA Loan?

VA loan eligibility depends on length and type of service. General requirements include:

• Service requirements — Veterans, active-duty service members, National Guard members, and Reservists who meet minimum service criteria established by the VA
• Surviving spouses — Eligible spouses of service members who died in the line of duty or from a service-connected condition may also qualify
• Certificate of Eligibility (COE) — Required to confirm your VA loan benefit; Essex Mortgage can help you obtain it
• Primary residence — VA loans are for owner-occupied homes; investment properties and vacation homes do not qualify
• Credit and income — Stable income and a credit profile that meets lender standards
• VA funding fee — Most borrowers pay a one-time funding fee, which can be financed into the loan; some borrowers, including those with service-connected disabilities, are exempt

Eligibility can vary based on your specific service history. Please consult your Essex Mortgage loan officer regarding eligibility — they'll review your record and confirm what you qualify for.

Thank You for Your Service

Whether you're buying your first home, relocating after a PCS, or refinancing into a better rate, your VA loan benefit is one of the most valuable assets you've earned. Essex Mortgage is here to help you put it to work.

Reach out to one of our loan officers today to confirm your eligibility, get pre-approved, and begin the path to homeownership.

*Essex Mortgage cannot guarantee the qualification for any loan program. These qualifications are the minimal guidelines but there may be more needed for each loan program.