Washingtonian Magazine Top Mortgate Professional 2020 badge
Mark Livingstone and
Cornerstone First Financial

have been named a

View Article

VA Loans (Veterans Affairs)

Veterans Affairs logo VA loans home mortgage loan

The United States Department of Veterans Affairs (VA) offers some special support in the home buying process for veterans, active service members, reservists, and eligible spouses / beneficiaries. In the case of purchasing a new primary residence, the VA Purchase Loans program makes it much easier for those who have served our country to purchase a home.

The way that VA Purchase Loans work involves the home buyer being “backed” by the VA when they begin to work with a lender. The VA guarantees a portion of the loan, and provides other services / programs that allows the lender to offer more favorable terms; sometimes even financing up to 100% of the sales price. Cornerstone First Financial has years of experience helping those who serve / have served in our military buy homes. We would be honored to assist you with the VA home loans program. Please contact us with any questions!

Requirements for VA Purchase Loans

A full list of service requirements to receive your Certificate of Eligibility (COE) can be found on the VA website. A few basic financial requirements are listed below.

  • 4% Maximum Seller Concession
  • 640 Middle Credit Score
  • Bankruptcy must be at least 2 years from date of discharge
  • Foreclosure must be at least 3 years from date of discharge
  • No Reserve Requirement


Learn about our VA Streamline Refinance Programs and be sure to check out our easy to read  IRRRL Guide for Veterans.

Watch this short video to learn how Cornerstone First can help:

While the U.S. Department of Veterans Affairs does have a financed funding fee (which is waived in the event of a service related disability), government rates are normally far lower than similar conventional options creating an incredible opportunity for those who qualify.

Need a rate quote? Request a free rate quote here.

CONTACT US to speak to one of our knowledgeable mortgage loan officers or to receive more information on our home loan / mortgage products and services.

Cornerstone First Financial is a home loan lender serving Washington DC, Maryland, Virginia, Georgia, Florida, Colorado, California, and Pennsylvania with mortgage, FHA and VA streamline refinance loans, home improvement loans, HECM / reverse mortgage loans, and more.

That's right! Cornerstone First Financial started in the Washington DC area in 2001, but has grown to serve home buyers and homeowners in Maryland, Virginia, Georgia, Florida, Colorado, California, and Pennsylvania in recent years.