VA Home Loans from Armed Forces Bank

Make your VA and military benefits work for you

• No down payment option. Finance 100% of the purchase with a VA loan.
• Qualifications guidelines. The VA has specific requirements for the VA loan product.
• No mortgage insurance costs. VA borrowers do not pay mortgage insurance, keeping your total costs lower. Other loans require this extra cost unless you make a larger down payment.
• If you receive a Basic Allowance for Housing (BAH), you will use your allowance to pay for some or all of your monthly payment.
• Flexible credit standards.

Choose from low-cost VA loan options:

• The VA home loan program is available to qualified borrowers who are first-time homebuyers, repeat homebuyers, or homeowners planning to refinance.
• With no pre-payment penalty, you are free to make extra payments at your convenience.
• VA loans offer fixed or adjustable rates that are as good as and sometimes better than conventional loans. With a fixed rate, your monthly payment (principal + interest) will not fluctuate making it easier for you to budget your monthly payment. With an adjustable rate, take advantage of a low rate for a fixed amount of time. This is especially beneficial if you are planning to be in your home for less than 7 years.

Work with an approved VA lender:

• With VA Automatic Approval, Armed Forces Bank is recognized as an approved VA lender. Because we have VA Automatic Approval status, you can work directly with us rather than having to also coordinate with the VA. We help you get started, and we stay with you throughout the process.