Loans (US)

GoVA Loans review: home loan for the military

Check out the GoVA Loans review and learn how the military community can benefit from it to finance or refinance their homes.

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by Aline Augusto

Published on 10/03/2022

GoVA Loans review: loan services for military members

GoVa has the best home loan offers for the military. Source: The Mister Finance.
GoVa has the best home loan offers for the military. Source: The Mister Finance.

Loans GoVA specializes in helping the military community to achieve a real estate investment, whether their own home or other options. See the full review.

According to the company, they offer lower rates and more flexible terms and conditions.  

GoVA Loans

How to apply for the GoVA Loans?

GoVA Loans offers great deals for the military community to finance a home. Check out how it works!

APRNot disclosed
Loan PurposeHome finance and refinance
Loan AmountsNot disclosed
Credit NeededLess-than-perfect credit is acceptable
TermsNot disclosed
Origination FeeNot disclosed
Late FeeNot disclosed
Early Payoff PenaltyNot disclosed

Although you must prequalify to check out the rates, the process is free, and we will explain how it works down below. So, keep reading to find out!

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How does GoVA Loans work?

In 2019, GoVA Inc. was founded with an honorable goal: to help the military community to achieve a dream home.

The CEO saw in the business an opportunity of giving back to the military by offering mortgage loans and other helpful services for them.

According to the company, VA offers lower interest rates than traditional mortgage lenders, reasonable credit qualifications with less-than-perfect credit being acceptable, and no down payments on most purchases.

Also, VA loans are guaranteed by the government while qualified by lenders.

Even though it compromises in offering great deals for the specific public, you need to prequalify in order to check your rates.

Moreover, the quote is free and helps you understand your options. 

Indeed, everyone inside the military community can check the options offered for a home loan, including active military, retired, veteran, reserve, and National Guard. Furthermore, GoVA has a 100% Cash Out Refinance Program.

This program allows you to achieve several goals, including getting cash for retirement, increasing the house’s value with improvements, diversifying wealth through home equity, and decreasing total monthly payments through debt consolidation.

In addition, the company offers a program for partners who want to become part of the network. The program is called Certified Builder and helps the military community to build their homes.

GoVA Loans benefits

You deserve a good home to return to after serving in the military. Source: Freepik.
You deserve a good home to return to after serving in the military. Source: Freepik.

GoVA offers home loans and contact partners for the military community, including veterans and even eligible surviving spouses.

The rates are lower than a conventional mortgage, and the conditions are more flexible.

Also, the company offers a range of builder partners who would help you build your home.

Therefore, prequalifying might be worth considering if you are part of the public.

Pros

  • Home loans designed for a specific public, the military community;
  • It offers a program in which you can get 100% cash out for retirement, home improvements, wealth diversifying, and debt consolidation;
  • It provides a range of partners who can build your house;
  • It offers competitive rates, no down payments on most purchases, and reasonable credit qualifications;
  • Getting a quote is free.

Cons

  • It doesn’t disclose the range of interest rates, terms, and amounts.

How good does your credit score need to be?

According to GoVA Loans, less-than-perfect credit scores are considered acceptable.   

How to apply for GoVA Loans?

Keep reading to learn how to apply for a home loan through GoVA Loans!

GoVA Loans

How to apply for the GoVA Loans?

GoVA Loans offers great deals for the military community to finance a home. Check out how it works!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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