For any loan closed, a portion of the proceeds are donated to the wounded warrior project

Fill out this quick form to connect with our VA loan team.

About Home Loan:

VA helps service members, veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guarantee benefit and other housing related programs to help you buy, build, repair, or adapt a home for your own personal occupancy.

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.

By submitting this form, I agree to the privacy policy and to be contacted with offers and other info at the telephone number(s) I provided by Veterans First Mortgage and its agents and partners, including by possible use of an automated dialing system, prerecorded or artificial voice, and SMS/MMS text messaging (charges may apply) even if my number is on any DNC registry. Consent is not a condition of purchase.

VA Home Loan

Eligible service members and veterans can take advantage of some of the many VA Home Loan benefits such as:

  • No down payment on home purchase loans
  • Lower interest rates
  • No monthly mortgage insurance premiums help keep your monthly payments low 

Today’s VA Home Loan Rates

VA 15 Year Fixed 2.875 % 3.656 %
VA 20 Year Fixed 3.000 % 3.555 %
VA 30 Year Fixed3.000 %3.392 %
View Assumptions*

What is a VA Home Loan?

For U.S. servicemembers and veterans, it can sometimes be difficult to establish the level of credit necessary to qualify for a home loan. To make homeownership more attainable for servicemembers and veterans, the Department of Veterans Affairs established the VA Home Loan, which guarantees a portion of the loan and enables us to provide you with more favorable loan terms. This guarantee allows lenders like PennyMac to offer home loans to servicemembers and veterans who may otherwise not be able to qualify for a conventional loan. To date, the VA Home Loan program has helped over 20 million servicemembers and veterans buy a home, since WWII.

Mortgage Type


VA Purchase Loan

If you are on active duty or retired from the military and in the market for a new home, you should call PennyMac to learn how you could save money with a VA Home Loan.

  • No down payment unlike conventional or FHA loans.*
  • NO PMI or upfront MIP (Mortgage Insurance Premium) helps keep your monthly payments low.
  • Lower interest rates.
  • VA funding fee may be financed into the loan.
  • Close on Time Guarantee**
  • Better Rate Guarantee**

*As long as the sales price does not exceed the appraised home value.

VA Streamline (IRRRL) Refinance
(Interest Rate Reduction Refinance Loan)

Already in a home? Consider refinancing into a VA IRRRL (Interest Rate Reduction Refinance Loan) also called the Streamline Refinance Loan. The VA IRRRL lowers your interest rate by refinancing your existing VA home loan. By obtaining a lower interest rate, your monthly mortgage payment should decrease. You can also often refinance an adjustable rate mortgage (ARM) into a fixed rate mortgage.

  • Lower interest rates compared to conventional loans.
  • Designed to be easy to apply and quickly close.
  • Flexible loan terms—there’s no need to extend your current payment schedule.
  • Minimal paperwork and income documentation required.
  • Closing costs can be rolled into the cost of the loan—no out of pocket expenses.

VA Cash-Out Refinance

The VA’s Cash-Out Refinance Loan is for homeowners who want to take cash out of their home equity to take care of concerns like paying off debt, funding school or making home improvements. As home values continue to rise across the country and interest rates remain relatively low, now may be a great time to consider a VA Cash-Out refinance.

  • Cash out refinance Max LTV 100%
  • Minimum FICO 680 if the LTV greater than 90%
  • Cash out refinance FICO 680, Max LTV 90%
  • Cash our refinance FICO 740, Max LTV 100%
  • Pay off higher interest rate debt, such as credit cards.
  • The Cash-Out Refinance Loan can also be used to refinance a non-VA loan into a VA loan.
  • Penny Mac will lend up to 90% of the value of your home

*As long as the sales price does not exceed the appraised home value.

*By refinancing your existing loan, your total finance charges may be higher over the life of the loan.


Am I Eligible for a VA Home Loan?

Active or former service members with the following terms of service today may be eligible* for a VA Home Loan

  • 181 days of service during peacetime (active duty)
  • 90 days of service during wartime (active duty)
  • Six years of service in the Reserves or National Guard
  • Some surviving spouses (spouse passed away due to service-related complications)

*You will also need to meet all VA and lender credit, income, and employment requirements.

Jacob Eckerd

Mortgage Loan Officer / Sales Director

Excel Mortgage 

NMLS# 190276

Address: 2600 East Bidwell Street # 204 Folsom, CA 95630

Mobile – (916) 834-0428

Office – (916) 834-0428

Toll Free – (877) 362-9018

Matthew Ellis

Mortgage Loan Officer / Sales Director

Excel Mortgage

NMLS# 633510

Address: 2600 East Bidwell Street # 204 Folsom, CA 95630

Mobile – (916) 847-7407

Office – (916) 847-7407

Toll Free – (877) 362-9018

© 2020 Veterans Hero Advantage. All Rights Reserved.