VA Home Loans

VA home loans offer eligible borrowers advantages that don’t typically exist with other conventional loans. 
The VA home loan is designed to help veterans and other eligible borrowers obtain a home mortgage.

How Can You Benefit From A VA Home Loan?


  • No down payment is required
  • Some closing costs are limited by the VA
  • There is no mandatory private mortgage insurance requirement
  • There is no penalty for early repayment of a VA home loan
  • Mortgage counseling is available for free to help determine alternatives to foreclosure if a borrower needs assistance

Most non-VA home loans require a costly monthly mortgage insurance policy for borrowers who don’t have at least 20% equity or greater invested into their homes. A government-backed mortgage never requires a borrower to pay private mortgage insurance premiums (PMI). Many veterans are spared from additional costs as a result of these VA loan benefits.

Napa Finance VA Home Loans

Eligibility Requirements For A VA Home Loan

If you are currently serving in the armed forces, then you might be eligible after completing 90 consecutive days of active duty. If you do not meet the VA’s active duty minimum service requirements, regular military members will need to serve two consecutive years, while Reservists and Guard members will need to serve six years.

No matter when you served, the VA has a rule regarding honorable discharge. To be eligible for a VA home loan; a veteran, if they were discharged from the military, must have been discharged for a reason other than dishonorable discharge. If your service time was shortened because of an injury, an illness, or a reduction in force, or another qualifying reason, then the VA may still award you with home loan benefits in some cases even if you don’t achieve the minimum service duration requirement.

From the moment you start an application to the day your loan closes and beyond, you can depend on Napa Finance to be on your side. We’re here to help!