WHAT IS A VA LOAN?
THANK YOU FOR YOUR SERVICE!
The U.S. Department of Veterans Affairs (VA) backs or guarantees loans issued by VA approved lenders. This is a great benefit to military personnel, and with very few exceptions, all members of the military (past and present) in good standing are eligible. Members of the National Guard and the U.S. Army Reserves can also qualify, as well as the surviving spouse of a military member who died during their service or as a result of a service-related injury.
Active members of the military can apply after six months of enlistment. If you are in the reserves or part of the National Guard, you will have to wait six years before applying, but if you are called to duty then the standard 6 months applies (this time frame is reduced to 90 days during active wars.)
PLEASE CONSULT YOUR ESSEX MORTGAGE LOAN OFFICER REGARDING ELIGIBILITY.