VA, or Veterans Administration, is a mortgage loan that is insured by the Veterans Administration. This program is only available to Veterans or the eligible dependents of Veterans. Some of the benefits of a VA Mortgage Loans can be a no down payment, no mortgage private mortgage insurance, broader credit score spectrum and more.

VA sets the service requirements to qualify for a VA backed mortgage loan. A certificate issued by the VA will document your eligibility for a VA insured loan.

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 you with more favorable terms.

Right now VA mortgage rates are at a record low

Apply for loan

Types of Loans that can have a VA mortgage for Veterans

Generally any home loan can have the option for a 30 year fixed rate mortgage. Find some typical loan uses below.

New Home

New Home Loan at basic interest rates from Gem Home Loan Company. You can apply online and check your eligibility and easy EMI. Fast Approval for your new home loan.

Home Renovation

A home conversion loan is a scheme for those who have already taken a housing loan. This loan follow some rules and regulations.It is a part of loan.

Land Purchase

Gem Home Loans offers home loan for land purchase to make your dream home. You can compare home loan rates with our compare loan table. Apply online for Home Loan.

Home Conversion

Get instant approval for renovation your home. Gem Home Loans offers home improvement loans. It is with basic rate and flexible EMI repayment.For more detail you can check our loan products.

Get financing for whatever you need now

Apply Now

Is a VA mortgage right for you?

Why choose a VA mortgage?

If you’re a veteran who’s thinking of purchasing a home or refinancing the home you have, you may want to consider a VA loan instead of conventional financing. VA loans offer special terms to veterans, and may be more affordable than other options.

Should I choose a VA mortgage?

A VA loan is good for almost any eligible borrowers since costs are low, PMI (Mortgage Insurance) is not required, and credit score requirements may be more manageable for borrowers who’ve had any credit issues in the past.

Advantages of a 30-year Fixed rate mortgage?

The VA loan is a $0 down mortgage option available to Veterans, Service Members and select military spouses. Since VA Loans are government backed, banks do not require you to buy Private Mortgage Insurance.

Disadvantages of a VA mortgage?

Home sellers can sometimes be steered away from VA borrowers in some parts of the country if they are worried about the the VA appraisal process. It’s true VA loans were once harder to close — but even though that’s not the case anymore, some sellers and agents think they can find better-qualified borrowers than those with VA loans.

Home Loan - Eligibility

A mortgage backed by the Federal Housing Administration (FHA) is one of the easiest home loans to get. Because the FHA insures the mortgage, FHA-approved lenders can offer more favorable rates and terms — especially to first-time homebuyers.

Conventional loans are not guaranteed by any government agency, and are the most popular mortgage option. Fannie Mae and Freddie Mac set conventional loan guidelines, which tend to be more strict than borrowing standards for government-insured loans.

Service Eligibility

To qualify for a VA loan, your length of service or service commitment, duty status, and character of service are considered. Once you determine that you’re eligible, it’s up to you to decide whether to work with the VA or pursue traditional financing for your home or refinance.

No Down Payment

If a veteran is purchasing a home and doesn’t have the traditional down payment available to them, the VA loan will allow you to purchase with no down payment. This could help a buyer get into a home they couldn’t buy otherwise, which can help them start building equity faster.

Income and Credit Rating

Borrowers need to show they have the income to make the mortgage payments.While there is no minimum credit score requirement, borrowers might have a hard time getting approved by a lender if they don’t have at least a 620 FICO Score.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

The maximum guarantee authorized by the VA is 25 percent of the loan amount up to $113,275. The maximum VA home loan is $453,100.

Some first-time home buyers are misinformed as to the workings of a VA Loan. The Veterans Administration does not normally act as a lending agent. Instead, the VA guarantees a portion of each loan in case the borrowing veteran defaults on the loan.

Get a Quote

Now apply for a Home Loan online, All you need to do is provide your details below application form.