Home Loans - Veterans | United States Department Of Veterans Affairs

1240 E 9th St., A. J. Celebrezze Federal Bldg., Cleveland, OH 44199

Eligibility

Adults 18 and older who are in one of the following groups: service members, veterans, reservists, or eligible surviving spouses that have not remarried. Must have suitable credit, sufficient income, and a valid Certificate of Eligibility (COE) from the VA. Loan can only be used for a home that the Veteran lives in or intends to live in.

Hours

M-F: 8:30am-4:30pm

(800) 698-2411

Voice - voice | 800-MY-VA-411

https://benefits.va.gov/homeloans/

Application process

Veterans interested in obtaining a loan should first apply for a Certificate of Eligibility (COE); this can be obtained through the VA web site or through participating lenders. After obtaining the COE, veterans would contact a participating lender (there are 1,000s of them) to initiate the loan application process. May phone for mortgage foreclosure counseling, complaints, or for more information about the program.

Fees

Free

Service area

United States

Description

Provides a home loan guaranty benefit and other housing-related programs to help veterans buy, build, repair, retain, or adapt a home for their own personal occupancy. Veterans Affairs (VA) Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide more favorable terms to veterans. In most cases, the mortgage is low interest and no down payment or mortgage insurance payments required. Will provide mortgage counseling to participating veterans who are having difficulties with paying their mortgage or who may already be in default. Mortgage counselors will provide information concerning the foreclosure process and what the veteran's rights and responsibilities are in that situation. Will attempt to seek solutions with the lender to help the veteran keep the home and will take complaints from veterans against their mortgage provider.

Data provided by

211 Cleveland

What's Here

Home Rehabilitation Loans Veterans Home Purchase/Mortgage Refinance Loans Mortgage Delinquency and Default Counseling

Providing organization

United States Department Of Veterans Affairs

Administers the laws providing benefits and other services to veterans and their dependents, and the beneficiaries of veterans. Advocates for America's veterans and their families to ensure that they receive medical care, benefits, social support, and lasting memorials.