Buying a Home with a VA Loan

VA Home Loans - North American Savings Bank

North American Savings Bank is proud to be a VA-approved lender. We have funded more than $5.0 billion in home loans across the country during the past three years alone. NASB is committed to being the best VA home mortgage lender for our military veterans.

NASB is committed to providing a great VA housing loan experience for the brave men and women who defend this country. We believe the difference is in the lender. Since our bank was founded in 1927, you know we’re here for the long-haul.

View our veteran mortgage rates 

Eligible Loan Purposes - Refinance and Purchase

NASB will lend to eligible veterans and service personnel who want to buy a home with a VA loan. Eligible loan purposes include:

  1. To purchase a home with 1 - 4 unites, including townhouses or condominium units in a VA approved project. You can find VA approved condos at
  2. Interest Rate Eduction Refinance (IRRRL). 
  3. Cash-out refinances (Any refinance other than IRRRL). 

When a veteran is buying a new-construction property, make sure the builder is on the VA approved list. It is also important to make sure the home is at least 95% complete prior to being appraised. Appraising a "pending Construction" home by the VA carries many more requirements.

VA Home Loan Requirements - Eligible Borrowers

A veteran is generally eligible for VA home loan benefits if he or she served on active duty in the Army, Navy, Air Force, Marine Corps, or Cost Guard after September 15, 1940 and  discharged under conditions other than dishonorable after either:

  • 90 Days or more with any service during wartime
  • 181 continuous days or more during peacetime

A greater length of service is required for veterans who enlisted (and service began) after September 7, 1980, or entered service as an officer after October 16, 1981. These veterans must have completed either:

  • 24 continuous months of active duty
  • The full period for which called or ordered to active duty, but not less than 90 days with any service during wartime or 181 continuous days during peacetime.
ERA Dates and Time Required
WW II  9/16/40 - 7/25/47 (90 Days)
Post WW II 7/26/47 - 6/26/50 (181 Days)
Korean 6/27/50 - 1/31/55 (90 Days)
Post Korean 2/1/55 - 8/4/64 (181 Days)
Vietnam 8/5/64 - 5/7/75* (90 Days)
Post-Vietnam 5/8/75 - 9/7/80 (Enlisted - 181 Days)
5/8/75 - 10/16/81 (Officers - 181 Days)
10/17/81 - 8/1/90 (Enlisted 181 Days to 2 Years**)
9/8/80 - 8/1/90 (Officers - 181 Days to 2 Years**)
Persian Gulf 8/2/90 - Present (90 Days to 2 Years)
  • The Vietnam Era began 2/28/61 for those individuals who served in the Republic of Vietnam.
  • The veteran must have served for 2 years or the full period to which he or she was called or ordered to active duty (at least 90 days during wartime and 181 during peacetime). 
Other Eligible Persons Time Required
Active Duty Member* 90 Days (181 during peacetime)
Reserves/Guard 6 years in Selected Reserves
Unmarried Surviving Spouses No time requirement. The veteran must have died on active duty or from a service-connected disability.
POW/MIA Spouses The veteran must have been POW or MIA for 90 days.

Reserves and National Guard

Members of the Reserves and National Guard who are not otherwise eligible for loan guaranty benefits are eligible upon completion of 6 years of service. The applicant must have received an honorable discharge from such service unless he or she is either:

  • In an inactive status awaiting final discharge. 
  • Still serving in the Reserves or Guard

Surviving Spouses of Veterans

Qualified surviving spouses include:

  • Unmarried surviving spouses of veterans who died as a result of service or service-connected causes. 
  • Spouses of active duty members who are listed as missing in action (MIA) or as prisoners of war (POW) for at least 90 days

Uniquely Qualified VA Loan Borrowers

  • Certain U.S. citizens who served in the armed forces of a government allied with the United States in World War II
  • Individuals with service as members in certain organizations such as (but not limited to): 
    • Public Health Service
    • Cadets at the United States Military
    • Air Force, or Coast Guard Academy
    • Midshipmen at the United States Naval Academy
    • Officers of National Oceanic and Atmospheric Administration
    • Merchant seaman with World War II

Disability Exception

One day of service is sufficient for an individual who is discharged or released from service (regular or Reserve/Guard) due to a service-connected disability. 

Get Your Personalized Rate Quote

To receive a personalized rate quote, or get pre-qualified online, fill out the form and a loan officer will be in contact with you. 

Or call 855-465-0753 to speak with a  loan officer.

If you would prefer to schedule an appointment to talk, click here.

By clicking the Submit button you agree that you are providing an electronic signature expressly authorizing NASB to contact you by telephone at any of the telephone number(s) provided above using an automatic telephone dialing system or an artificial or prerecorded voice or via text/SMS message, even if the telephone number is assigned to a cellular telephone service or other service for which the called party is charged. NASB may also contact you via email using any email address you provided. This authorization overrides any previous registration on a federal, state or corporate Do Not Call Registry or any internal NASB privacy or solicitation preference you have previously expressed. You are not required to provide this authorization as a condition of purchasing any property, goods or services from NASB. As an alternative, you may call us directly at (866) 627-7119 and we will process your request over the phone.

98% Customer Satisfaction Rating

va loan review

Everyone I dealt with was a top notch professional. It makes me even prouder having served my country, knowing I got this type of excellent treatment. Thank you NASB and everyone involved. Someday I would like to meet each and everyone involved in this transaction, you people are what America is made of, thank you again for the smooth transaction

- John from Indiana

va loan review

My loan officer was always available to me, even when I would leave a message he would get back to me promptly. While working with NASB, I felt like he was working for me and not just his company. His team was very helpful in gathering information to complete my loan.


- Tracey from Oregon

va loan review

NASB and its staff are awesome. They actually have their act together and can help you navigate through the entire process with ease. This is my 3rd loan through them. I would highly recommend.


- Dale from Maryland