Veterans, we are eternally grateful for the sacrifices you have made for our country. While there is nothing we can do to adequately thank you for your service, we can offer guidance and assistance during your homebuying process. We are here to help you navigate VA loans and get the keys of your dream home into your hands.

The Department of Veterans Affairs (referred to as the “VA”) created VA home loans in 1944, as a way to help veterans purchase homes without the stress of saving for down payments or worrying about very high credit scores. The Department of Veterans Affairs backs the loans, which are awarded by local lenders. It is a federal program but is managed locally. USA Mortgage of mid-Missouri is a proud participant in the VA home loan program.
There are many factors that go into determining eligibility for VA loans. The Department of Veterans Affairs has a comprehensive guide that can provide you with the information you need. Typically, eligibility requires verifying your service meets the minimum thresholds as established by the VA and having qualifying credit. Credit score minimums for VA loans typically hover around the 620 mark.
Once you have gathered your documentation, you will apply for a Certificate of Eligibility (COE). You can do so online, by mail, or through your lender. This is the document the VA uses to confirm to the lenders that the veteran has met minimum service guidelines required for VA loans.
What are the Benefits of Using a VA Loan?
VA loans are an amazing benefit that you should consider taking advantage of. You do not have to be a first-time homebuyer to secure a VA loan, and you can receive VA loans for future home purchases as well. Some of the benefits include:
- No down payment requirements
- No mortgage insurance
- Flexible closing costs
- No fees for paying off the mortgage early
- The option to refinance an existing mortgage
I’m Eligible, and Plan to Use a VA Loan. Now What?
Once you have received your COE and have decided on a VA loan, the fun part begins! You can shop for your dream home. VA loans don’t have extremely strict stipulations for what you can purchase. You can choose a condo, new or old home, or even a multi-unit property. However, you can’t use a VA loan to purchase rental properties or homes that are not your primary residence.
VA loans do not come with a specific maximum dollar amount that you can borrow. Instead, the loan is based on the property value, local loan limits, and the lender’s requirements.
Are There Other VA Benefits in Mid-Missouri?
Mid-Missouri is a great place for veterans to live. Columbia is home to the Harry S. Truman Memorial Veterans’ Hospital, one of only four veterans’ hospitals in the state. There is also a Columbia Vet Center. As a college town, there are many great education options available as well. Mizzou and Columbia College both have Veterans’ centers. The Columbia area has a lot to offer, and we are sure you will enjoy living here.
We hope to help you secure a VA loan of your own. Reach out to a local USA Mortgage loan officer today to get the process started!