VA Loans

We are proud to offer VA loans to Veterans in Boise, Meridian, and Eagle as well as the entire state of Idaho.  For more information about VA loans or how to get pre-qualified contact Goldwater Bank Mortgage Team today at 208-501-8851.

VA Loans

We thank all Veterans for their Service!

About VA Loans

A VA Loan is Designed to offer long-term financing to veterans. 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.

Advantages of VA Loans

There a several benefits for a veteran to use a VA loan. The veteran can purchase a home putting zero down.  There is no mortgage insurance required for a VA loan the veteran only pays a one-time funding fee that is financed into the loan.  If the veteran wants to do a cashout to access equity in their home VA loans allow the veteran to cashout up to 100% of the home’s value.  VA loans are more flexible with negative credit history also.

VA Loan Eligibility

Veterans need to verify that they are eligible with VA to obtain a VA Certificate of Eligibility.  Depending on when the veteran served and what capacity the veteran served dictates if they are eligible or not.  If they have a copy of their DD-214 one of our team members can work with them to help them find out and obtain their Certificate of Eligibility.  Call one of our Mortgage Team members at 208-501-8851 for assistance.

Certificate of Eligibility:

This is the certificate the VA provides to the veteran to show lenders that they are eligible for a VA loan.  Lenders often refer to this as the VA COE.  The certificate will show any past VA loans the veteran has and if they have additional eligibility for a new VA loan.

VA Loan Limits

VA updated their loan limits by county each year.  For Ada County and Canyon County with the cities of Boise, Meridian, Eagle, Star, Middleton, Nampa, Kuna and Caldwell the current VA limit is $453,100.  The veteran can go above this amount but is required to put 25% down for each dollar they go above the loan limit.

Get qualified for a VA loan today!

Goldwater Bank loves helping active and retired military veterans work toward using their VA loan benefits to help them purchase or refinance their home.  We are proud to offer VA loans to Veterans in Boise, Meridian, and Eagle as well as the entire state of Idaho.  For more information about VA loans or how to get prequalified contact Goldwater Bank Mortgage Team today at 208-501-8851.