Loans (US)

How to apply for the GoVA Loans?

Learn how the GoVA Loans application works. Prequalifying for free might be worth considering if you are part of the military community.

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by Aline Augusto

Published on 10/03/2022

GoVA Loans application: get a free quote

Learn how to apply for GoVa Loans. Source: The Mister Finance.
Learn how to apply for GoVa Loans. Source: The Mister Finance.

GoVA Loans focuses on helping the military finance their homes with the best loans. It offers great deals on loans and partners who can help them build or improve their houses.

Also, it provides a 100% Cash Out Refi Program for several purposes, including home improvement, debt consolidation, retirement, and wealth diversification.  

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Loans

GoVA

home loans affordable

If you’re a member of the military community, learn how to apply for a GoVa home loan

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Although it doesn’t disclose the range of costs, amounts, and terms, the company offers lower rates than the average mortgages, no down payments on most purchases, and less-than-perfect credit are acceptable.

Therefore, a home loan through GoVA Loans might be worth considering if you are part of the military community.

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Online Application Process

Give your family the home of your dreams with a GoVa home loan. Source: Freepik.
Give your family the home of your dreams with a GoVa home loan. Source: Freepik.

Before applying for a loan at GoVa Loans website, you must prequalify to check your rates. 

Prequalification to get a quote is easy and fast. Also, it is free. 

You must provide your personal information and contact and need to choose your military status, which means you must select whether you are active, retired veteran, reserve, or National Guard.

Application Process using the app

Unfortunately, there is no mobile app available at this time. You must access the website to fill up the prequalification forms.

GoVA Loans vs. FHA Loans

GoVA Loans only attends the military community, including veterans, National Guard, reserves, and even eligible surviving spouses.

In case you are not part of the community, you should take a look at the FHA loans. The Federal Housing Administration focuses on helping people with bad credit to buy their first home.

The program’s goal is to increase homeownership in the U.S. by offering an accessible and affordable mortgage program.

Check out the summary below!

GoVA LoansFHA Loans
APRNot disclosedIt depends on the lender’s offers
Loan PurposeHome finance and refinanceMortgage
Loan AmountsNot disclosedFrom $420,860 to $970,800(it can vary according to the county)
Credit NeededLess-than-perfect credit is acceptablePoor
TermsNot disclosedIt depends on the lender’s offers
Origination FeeNot disclosedIt depends on the lender’s offers
Late FeeNot disclosedIt depends on the lender’s offers
Early Payoff PenaltyNot disclosedIt depends on the lender’s offers

Now, learn how the FHA Loans application works. 

Calculadora e miniatura de casa

How to apply for FHA loans?

An excellent option for those with a poor credit score who are planning to buy their first dream home, learn how to apply for FHA loans!

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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