Align Lending
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    • Home
    • Why Align?
    • First Time Buyer
    • Joint Venture
    • Apply now
    • Products
      • Conventional Loans
      • FHA Loans
      • VA Loans
      • USDA Loans
      • Jumbo Loans
      • Cash-Out Refinances
    • Contact Us
    • About
      • Testimonials
      • FAQs
      • About
      • Careers
  • Home
  • Why Align?
  • First Time Buyer
  • Joint Venture
  • Apply now
  • Products
    • Conventional Loans
    • FHA Loans
    • VA Loans
    • USDA Loans
    • Jumbo Loans
    • Cash-Out Refinances
  • Contact Us
  • About
    • Testimonials
    • FAQs
    • About
    • Careers

VA Mortgages

As a top benefit of military service for eligible veterans, service members, and surviving spouses, you can access a low-cost mortgage and pursue your dream of homeownership.  

What is a VA Loan?

A VA loan is a government loan backed by the Department of Veteran Affairs (VA) and issued by a lender or bank. Due to their lenient credit requirements, VA loans in Michigan are considered ‘non-conforming’ and offer several benefits to active-duty military members, veterans, and surviving spouses. 

Apply Now

Benefits of Applying for a VA Loan

Benefits of Applying for a VA Loan

Benefits of Applying for a VA Loan

Due to a home loan program instated after World War II, military personnel has an opportunity to get back to civilian life by purchasing a home through the VA. Here are a few benefits included in the program:


  • No downpayment
  • No private mortgage insurance
  • Lower interest rates for 30-year fixed mortgages
  • Relaxed credit requirements
  • Lifetime benefit for those who qualify
  • No prepayment penalties
  • Several types of purchase and refinance loans are available

Qualifying for a VA Mortgage

Benefits of Applying for a VA Loan

Benefits of Applying for a VA Loan

VA mortgages are desirable for military members due to the no downpayment, lower interest rate, and lenient credit requirements. Here’s how you qualify:


  • You’re an active-duty military member or veteran who served 181 days during peacetime, 90 consecutive days during wartime, or more than 6 years with the National Guard or Reserves
  • You’re a spouse of a service member who lost their life in the line of duty, and you haven’t remarried
  • You have a Certificate of Eligibility (COE) document to demonstrate your service
  • You meet the income and credit score requirements (dependent on the lender, not the VA)

Getting Started with Align Lending

 Ready to purchase or refinance your home? Apply today with Align Lending to learn more about your options! 

Apply Now

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