We’d love the honor of serving you. We have several team members who have gone above and beyond as Certified Veteran Lending Specialists so we know how to help you maximize your VA loan benefit.

Your mortgage is one piece of your financial puzzle, we’ll work to ensure you are confident and comfortable with your budget. Our goal is to see you happy with your mortgage for years to come!

If you are a Veteran, with less than 20% saved for a down payment, a VA loan is a great option!

If you have more than 20% saved for a down payment, speak with your mortgage lender to determine if the VA loan is in your best interest.

If you’re purchasing a primary residence that you and/or your family will occupy within 60 days of closing, a VA loan is a great option.

If you are the surviving spouse of an eligible active-duty veteran, a VA loan is a great option!

You must meet the basic criteria of length of service (LOS) and character of service (COS) for the home loan benefit.

Team Chedester can help submit for a Certificate of Eligibility (COE).

You also will still be held to credit and income standards.

Entitlement is the amount a Veteran has available for a guarantee on a loan from the Department of Veterans Affairs.

Team Chedester can help you determine what you have available.

As a 2nd property, no. However, if you are looking to upgrade your primary residence and want to keep your existing home as a rental, there might be options to suit your needs. A quick call can help determine that for you.

Additionally, entitlement restoration is provided by the VA once a home has been sold, to give your full eligibility back.

National Guard members and reservists are eligible for a VA home loan if they have completed at least six years of honorable service, are mobilized for active duty service for a period of at least 90 days, or are discharged because of a service-connected disability.

While entitlement charged on a foreclosed loan cannot be restored until the VA's loss on the loan has been fully repaid, you are eligible to use the remaining entitlement amount to buy a property.

This will limit the maximum loan amount that you can qualify for, though a down payment can make up the difference.

While the VA does not set a limit, most lenders set their maximum loan amount at the same level as the conforming amount or $647,200 for 2022.

It is a one-time fee paid to the Dept. of Veterans Affairs. This fee ranges from 0.5% to 3.6%, depending on the situation. This fee can be rolled into your loan and included on top of your purchase price or refinance loan!

This can be determined based on your Certificate of Eligibility, which will be ordered from the VA.