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A VA lender is any financial institution that offers VA home loans. Financing your next home with a VA mortgage lender is an excellent path to homeownership for many eligible borrowers. At The Federal Savings Bank, we offer different kinds of loans, including VA loans.

Your mortgage is an important expense. If you’re in the market for a new home, you want to be sure your lender provides you with a mortgage that will meet your needs.


1. Know your needs

Because of the excellent benefits VA mortgages afford to veterans and service members, many VA lenders will specialize in VA lending for borrowers with low credit. Be sure you have a working knowledge of your finances and credit history, so your loan officer can help you get the perfect home loan. Learn more about what you need to apply for a VA loan.
VA lenders will ordinarily require a credit score of at least 620 from VA loan applicants, as well as a debt-to-income ratio (DTI) of 41% or less. Credit and income above this level signals to lenders that you can afford to repay the mortgage you’re applying for.

2. Confirm your eligibility for a VA loan

VA loans are available if you are purchasing a primary residence. You can also use a VA loan to refinance your current home. In addition, you will require a Certificate of Eligibility (COE) from the U.S. Department of Veterans Affairs that confirms you may access a VA loan as either a veteran, active-duty service member, or other eligible party, including spouses and National Guard members.

3. Evaluate the APR (Annual Percentage Rate) in your loan estimate

When you receive a loan estimate from a VA mortgage lender, be sure you check the APR on the loan, and not just the interest rate. The Annual Percentage Rate is what the mortgage will cost you yearly, including interest and VA lender fees.

4. Always check that you are signing with an experienced VA mortgage lender

Not every lender is equally qualified to originate VA mortgages. Be sure you seek out a lender who will give your mortgage the service you deserve. An experienced VA loan officer can guide you to understanding all your VA home loan options, and help you settle on the one that’s best for you and your family.

Further tips on finding a VA home loan lender

Your VA mortgage lender’s job is straightforward: they should help you get what you’re looking for in a home loan, and get you into your new home quickly. There’s no substitute for having an experienced VA lender on your team when you’re purchasing or building your next home. Learn more about getting pre-approved for VA home loans, or access our Learning Center for more information.

The Federal Savings Bank is a top VA lender across all 50 states, and is proud to employ many veterans of the armed forces. There’s no need for your home loan to be a challenge– one of our loan officers would be happy to assist you with the VA mortgage application process. Give us a call at +1 877-788-3520 and one of our professionals can guide you step-by-step. Don’t wait for the chance to own your next home!

Subject to credit approval. Terms and conditions may apply. Subject to VA eligibility requirements. Property insurance is required on all loans secured by property

This information is intended for educational purposes only. Products and interest rates subject to change without notice. Loan products are subject to credit approval and include terms and conditions, fees and other costs. Terms and conditions may apply. Property insurance is required on all loans secured by property. VA loan products are subject to VA eligibility requirements. Adjustable Rate Mortgage (ARM) interest rates and monthly payment are subject to adjustment. Upon submission of a full application, a mortgage banker will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to you individual situation.