VA Loan

What is a VA Loan?

If you’re a United States service member, veteran, or qualified surviving spouse, you may be eligible for a VA Loan. A VA Loan is an exclusive loan that is backed by the U.S. Department of Veterans Affairs and can be used to buy or refinance a home. This loan comes with many benefits to service members for their dedication to the country. Explore more about VA Loans with Central Bank below.

VA Loan Requirements

To be eligible for a VA Loan, you must be you must be an active-duty or former US service member who has served:

  • 90 consecutive days of service during wartime
  • 181 days of service during peacetime
  • More than 6 years of service in the National Guard or Reserves

You may also qualify if you are the spouse of a service member who died in the line of duty or received an honorable discharge

VA Loan Benefits

When you receive a VA Loan with Central Bank, you’ll enjoy benefits including:

  • No down payment
  • A government-backed loan
  • Competitive interest rates and pricing
  • Low monthly mortgage payment
  • No Private Mortgage Insurance (PMI) required

Apply for your VA Loan with Central Bank Today!

At Central Bank, we appreciate United States service members just like you for your hard work and bravery. That’s why we are glad to provide you with all of the information you need to apply for a VA Loan. Whether you are looking to purchase your first home or refinance your current home, we’ll provide you with all of the knowledge and resources you need. Visit your nearest Central Bank or call us for more information today!