VA Mortgage

You served your country. Now let your country return the favor with special financing just for veterans. VA loans reward veterans for their service and sacrifice on behalf of our country in a number of ways.

What Is A VA Mortgage?
VA Mortgages are a special type of home mortgage reserved for active military members and veterans. These home mortgages are guaranteed by the U.S. Department of Veterans Affairs and offered by participating approved lenders.  VA mortgages allow eligible veterans and active military personnel to realize their home buying dreams and help existing VA homeowners with money-saving refinance options.

VA Mortgage Benefits
VA Mortgages are designed to provide long-term home financing to qualified veterans and, in some cases, their surviving unmarried spouses.  In many instances, their interest rates can be better than other conventional loans.

VA Mortgage offer a number of advantages over other types of mortgages, including: 

  • No penalty fee if you pay the mortgage off early
  • No private mortgage insurance requirements
  • Less than perfect credit can apply
  • VA may be able to provide some assistance if mortgage payment problems arise

Who is Eligible For A VA Mortgage?

  • Active-duty military
  • Veterans
  • Reservists and members of the National Guard
  • Some surviving spouses of veterans

These eligibility requirements are unique to VA mortgages. In addition to past or present military service, standard home mortgage criteria like your credit score and income will also play a role in your eligibility.

Certificate of Eligibility 
In order to apply for a VA-sponsored mortgage, you will need to obtain a Certificate of Eligibility (COE). Your COE verifies to lenders that you meet the requirements necessary to obtain a VA-sponsored mortgage. Applying for a COE is straightforward and can be done online, through the mail or through a lender.

Active duty military personnel and current National Guard members or Reservists who have never been Federal active service will need to present a current statement of service in order to obtain a COE.

Veterans and current or former National Guard members and Reservists that have been activated for Federal active service will need to present a DD Form 214 confirming their past service.

Get Pre-Qualified For A VA Mortgage
Let one of our experienced VA Mortgage Originators help you navigate the VA mortgage process. Start your secure online Mortgage Application now!


© 2018 Elmira Savings Bank Mortgage. All Rights Reserved.
Contact Us| Privacy & Security| NMLS # 403589

Elmira Savings Bank is an approved Seller/Servicer of Freddie Mac, FHA/Department of Housing & Urban Development, VA, USDA, and SONYMA (NY Only). Elmira Savings Bank is an Equal Housing Lender committed to ensuring every applicant for credit receive fair and equal treatment throughout the credit application and approval process, as embodied in the Equal Credit Opportunity Act and the Fair Housing Act. All mortgage lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.

External links and content are being provided for informational purposes only. Elmira Savings Bank has no control over any other website and is not able to endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on any site other than this one.

McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scamsMortgage Company Websites - Powered by Lending Manager