VA home loans are mortgages backed by the US Department of Veterans Affairs. They were designed to offer eligible American veterans a way to purchase a home. We created this Slideshare to help understand the benefits and requirements to get a VA home loan.

2. What is the VA Home Loan Program?
• VA home loans are mortgages guaranteed by the U.S. Department of Veterans Affairs.
• They were designed to offer long-term financing to eligible American veterans or their
spouses to purchase homes.
• VA loans are provided by approved lenders, like New American Funding.
• Since the Department of Veteran Affairs insures VA loans against default, interest rates
and terms are better than other mortgage loans.
State Licensing Information.
All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change
without notice.

3. VA Home Loans: By the Numbers
The VA Home Loan has helped more than 20 million veterans achieve the
dream of homeownership. Created in 1944, the program continues to provide
borrowers with mortgage and refinancing options with flexible requirements,
lower fees and no required mortgage insurance or down payment for those
who qualify.
630,000
Total VA Loans
State Licensing Information.
$225,000
Average Loan Amount
$142 Billion
In VA Lending
17%
Increase in Total Number of Loans
Source: 2013 Department of Veterans Affairs Report. Percentage change is calculated from the previous
year.
All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change
without notice.

4. Benefits of VA Home Loans
• No down payment required
• Negotiable interest rates
• Adjustable & fixed rate
mortgage options
• No monthly mortgage insurance
premiums
• Right to prepay loan without
penalty
State Licensing Information.
• VA assistance to borrowers due
to financial difficulty
• Ability to finance the VA funding
fee
• Reduced funding fees with a
down payment of at least 5%
and exemption for veterans
receiving VA compensation
All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change
without notice.

5. What Can I Finance with a VA Loan?
Build a home
State Licensing Information.
VA
Loan
Buy a home, a
condominium unit in a
VA-approved project
Simultaneously
purchase and
improve a home
Improve a home by
installing energy-related
features or making
energy efficient
improvements
Buy a manufactured
home and/or lot.
All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change
without notice.

6. Service Requirements
Qualifying Wartime &
Peacetime Periods
State Licensing Information.
Qualifying Active Duty Dates Minimum Active Duty Service Requirements
WWII 9/16/1940 - 7/25/1947 90 total days
Post-WWII 7/26/1947 - 6/26/1950 181 continuous days
Korean War 6/27/1950 - 1/31/1955 90 total days
Post-Korean War 2/1/1955 - 8/4/1964 181 continuous days
Vietnam War 8/5/1964 - 5/7/1975 *For Veterans who served
in the Republic of Vietnam, the beginning date is
2/28/1961
90 total days
Post-Vietnam War 5/8/1975 - 9/7/1980 *The ending date for
officers is 10/16/1981
181 continuous days
24-month rule 9/8/1980 - 8/1/1990 *The beginning date for
officers is 10/17/1981
 24 continuous months, OR
 The full period (at least 181 days) for which
you were called or ordered to active duty
Gulf War 8/2/1990 - Present  24 continuous months, OR
 The full period (at least 90 days) for which
you were called or ordered to active duty
Veterans
All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change
without notice.

7. Service Requirements
Active Duty
Qualifying Wartime &
Peacetime Periods
State Licensing Information.
Qualifying Active Duty Dates Minimum Active Duty Service
Requirements
Any Any 90 continuous days
National Guard and Reserve Members
Qualifying Active Duty Dates
8/2/1990 - Present
Six years of service in the Selected Reserve or National Guard, AND
• Were discharged honorably, OR
• Were placed on the retired list, OR
• Were transferred to the Standby Reserve or an element of the Ready Reserve other than the
Selected Reserve after service characterized as honorable, OR
• Continue to serve in the Selected Reserve
All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change
without notice.

8. The Process
Apply for a Certificate of Eligibility
Our licensed mortgage specialists will help you gather the necessary forms.
Qualification
A New American Funding mortgage specialist will work with you to ensure you qualify for the best home
loan available. Then, we will refer you to a Real Estate agent in our preferred network.
New American Funding will order an appraisal from a VA assigned appraiser. We take care of the home
State Licensing Information.
Home Appraisal
appraisal for you, so you get the most accurate evaluation of the home.
Close the Loan
New American Funding is authorized by VA to approve and close the loan without waiting for the VA’s
review of the credit application.
All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change
without notice.

9. VA Home Loans Simplifed
Learn More About Home Financing
and First-Time Homebuyer Programs
State Licensing Information.
www.NewAmericanFunding.com
All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change
without notice.

10. State Licensing Information.
All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change
without notice.