A VA Loan is designed to offer long-term financing to veterans with no money down at a great rate. VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans. First Home Mortgage is a VA approved lender located in Dunkirk and serving surrounding areas in Southern Maryland, including but not limited to Waldorf MD, Prince Frederick, or Lexington Park.

What is a VA Loan?

A VA Loan is provided by the Veterans Administration and has no down payment.

Benefits of VA Loans

There are many benefits to VA Loans beyond just No Down Payment. VA loans offer competitive rates, credit flexibility, a great payment with no monthly mortgage insurance, and minimal lender’s closing costs. Did you know a Veteran can ask the seller to pay off debt at closing? Ask me how.

VA Loan Eligibility

VA Loans are available to active duty military, veterans, reservists and military spouses. See if you meet VA’s eligibility requirements here. You can also use your eligibility more than one time. Ask me how.

VA Loan Limits

Different counties have different limits on how much you can borrow for an VA Loan. Check out the loan limits in your county here. Higher loan amounts are also available with a small down payment. Ask me how.

Frequently Asked Questions about VA Loans

Question: Can I have 2 VA Loans at the same time?

Answer: Yes. It’s called using the 2nd tier of your entitlement. Give me a call and I’ll explain.

Question: Can a seller pay off any of my debt at settlement in order for me to qualify for more house?

Answer: Yes. The seller can pay off a limited amount of Veteran’s debt in order to qualify, in addition to paying closing costs (to include a lease buyout for those currently renting). Ask me how.

Get Pre-Qualified for a VA Loan

If you are a veteran in Dunkirk, or anywhere in Maryland, DC, or Virginia, including but not limited to NAS Patuxent River, Andrews AFB, Boling AFB, NSF Indian Head, NSF Dahlgren, or Fort George G. Meade, contact Jeffrey Halbert - First Home Mortgage at (301) 327-5803 for more information, or simply fill out the form on this page.