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VA Loans for Veterans & Military Personnel

You answered the Call to Protect & Serve; NOW it's our turn to Serve You!

What is a VA Guaranteed Loan?

A VA Loan can be used to:

  • Buy a Home as a Primary Residence
  • Refinance an Existing Loan

All with 100% Financing

East Coast Capital

Why Use Your Benefits?

  • ZERO Down Payment
  • Zero Points
  • Zero Mortgage Insurance
  • Zero Pre Payment
  • Equal Opportunity for all Qualified Veterans
  • VA limits closing costs
  • Can be assumed on sale
  • Reusable
  • One time funding fee that can be included in the loan



Boot Camp Legend

  1. Thinking about Joining the Military (Pre-Approval):
    Quick profile form submit preliminary documents and schedule consulation.
  2. Review your Branch of Service Options (Find a Home):
    Assess your wants & needs, then let your realtor help you find the perfect home.
  3. Choose your Branch of Service Options (Make an Offer):
    Offer Accepted/Sign Binder, schedule inspection & send inspection report to your RE Attorney.
  4. Commit to Service (Contract):
    Review & Sign your Contract of Sale with your RE Attorney.
  5. MOS Options (Application Process):
    Gather remaining documents with completed and executed loan forms & disclosures. Recieved fully executed sales contract from seller.  The loan submitted to the processing department.
  6. Off to Boot Camp (Appraisal Report Ordered):
    Ordered within 48 hours of contract, appraisal inspection and report are completed within 5 days.
  7. Learning the Ropes/Routine (Processing):
    Receive & Reviewed; Processor updates you of outstanding conditions pending loan approval.
  8. Military Education (Appraisal Report In):
    Received & Reviewed;  Processor updates you of outstanding conditions pending loan approval.
  9. Rigorous PT Schedules (Underwriting):
    Processor submits file to underwriting department for final review & commitment letter. Commitment letter issued & sent to you and your attorney for review.
  10. Working as a Team (Title Report):
    Your attorney submits the title report to the bank attorney for review and clearance.
  11. Weapons Training (Clear to Close):
    Copy of appraisal & Mortgagee Clause provided to you to secure homeowners insurance.
  12. Endurance Training (Clear to Close):
    Submit all closing conditions noted on commitment letter for final clearance.
  13. Camaraderie (Schedule a Closing):
    You & your attorney are notified that the loan is clear to close.  A date is scheduled by the attorneys and bank.
  14. Confidence (Final Walk Thru):
    Borrower to do a final walk-through of the property to approve condition of the house prior to signing the closing documents.
  15. Graduation (Closing):
    All parties sign closing docs with the bank attorney.  Certified check instructions provided 24 hours prior.
  16. New Duty Station/New LIFE Begins HERE! (Post Closing):
    Grieve your Property Taxes and Apply for STAR (The New York State School Tax Relief Program).


A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country.

VA LoansBenefits of VA Loans

  • You can buy a home with no money down.
  • You can refinance your home up to 100% of the value of your home.
  • You never have to pay PMI (Private Mortgage Insurance).
  • Sellers can pay your closing costs.
  • They are usually easier to get because the Government insures the loan so that there is much less risk to the lender.
  • If you already have a VA Loan you might be eligible for a VA Streamline Refinance.
  • Disabled Veterans may qualify for a waiver of the Funding Fee if they receive any disability payments from the VA or if they are considered to be at least 10% disabled.

Who is eligible for a VA Loan?

As a rule of thumb, almost all active duty or honorably discharged service members are eligible for a VA loan.

You may be eligible for a VA loan if any one of these statements describes you:

  • I served 181 days during peacetime. (Active Duty)
  • I served 90 days during wartime. (Active Duty)
  • I served 6 years in the Reserves or National Guard.
  • I am the spouse of service member who was killed in the line of duty.
  • I currently receive disability payments from the VA.

What is the VA Funding Fee and is it required?

Yes, it is required. It is a fee paid directly to the Department of Veteran's Affairs so that they can guarantee your loan and provide you with the opportunity to receive a loan with little to no money out of pocket.

How much is the VA Funding Fee?

It depends on several factors including: Whether you are Active Duty, Retired, Guard or Reserve and whether you this is a first time use, subsequent use, or a cash-out refinance as well as how much of a down payment you are putting down. The fee can range from as little as 1.25% up to 3.3% of the loan. Generally, the more money you put down the lower the VA funding fee. Please contact us and we will help you to determine how what the exact cost of the VA Funding Fee would be for your particular situation.

Do I have to pay the VA Funding Fee out of pocket?

No, you can include the VA Funding Fee in your loan and pay the funding fee over the course of your loan.

Do I still have to pay other normal closing costs like Appraisal, Title and Escrows?

Yes, however with a VA loan if you are purchasing a new home the seller can pay for all or part of your closing costs.

What is a VA Streamline Refinance?

A VA Streamline Refinance is a refinance option that is available if you already have a VA mortgage and you want to lower your interest rate with little or no out-of-pocket closing costs. You don't have provide bank statements, W2s, job verification or paychecks.

Check to see if you qualify for a VA Loan:

Get a Quick Quote!