VA Loan - Eligibility, Benefits & How to Apply

VA home loan and VA mortgages in New YorkVA loan (Veterans Affairs) is a great home financing option for an eligible veteran, surviving spouse, or active military personnel.

The key aspect of the VA loans in New York & Pennsylvania is that it allows you to purchase a home without a down payment and without mortgage insurance.

VA loan is a better option than FHA because there is no down payment requirement and no monthly mortgage insurance which can be quite expensive.

Call our Certified Military Home Specialist, Gil Citrin, Senior MLO (U.S. Army Veteran), today at 1-800-499-014 or fill out the short form to get started! Gil looks forward to helping other active military and veterans fulfill the dream of owning their own home.

What Are the Benefits of VA Loan?

VA loans are popular for several reasons:

  1. If you are eligible military veteran or active duty personal, you are required to pay a funding fee to the VA ranging from 0 to 3.15% but that funding fee can also be financed. For most purchasers the funding fee for first time use is around 2.15%.
  2. VA debt to income ratios can be a little tighter with a maximum of 41% but is by far better option than FHA if qualified. Although the VA does not designate minimum credit score requirements, most banks will require a minimum score of 620.
  3. Learn more from the U.S. Department of Veterans Affairs (VA) official website:

VA Home Loan Specialist

Gil Citrin, MLO, VA Home Loan Specialist in New YorkGil Citrin, Senior MLO, has completed VA Mortgage Training through Boots Across America. He is now a Certified Military Home Specialist.

Gil served in the US Army from 1970 to 1973. Basic training was at Fort Jackson, South Carolina. Gil actively served in the Vietnam War.

He was stationed outside of Saigon for a year as an administrative specialist. His remaining two years active duty, back in the states.

Following his three-year active commitment Gil was in the reserves for 3 years. Gil is proud to have served his country and as an Army veteran.

Ready to get started today? Contact Gil for more information!

Need an VA loan?

To learn more about VA loan in New York and Pennsylvania, including areas of Long Island, Nassau, Suffolk and Westchester County visit our branch office, fill out form or call our mortgage experts today.