VA Home Loan

NASB is VA-approved home loan lender and is proud to assist those who serve this country. We make applying for a VA mortgage loan simple with a great VA loan interest rate.


Key Features

NASB does not charge an origination or application fee for VA loans in closing costs1

Typically no down payment2

No private mortgage insurance needed

Proud to be a Top VA Home Loan Lender

Since 2010, NASB has helped more than 38,000 veterans and military service member families close more than $12.8 billion through our VA home loan programs. Our dedicated loan consultants are experienced in VA lending, with a deep understanding of the Department of Veteran Affairs loan eligibility requirements, loan process, and customer needs. Whether it’s a purchase loan, refinance, or jumbo VA loan, NASB has your solution. Even if you are a veteran with a bad credit history, we can help you get a home loan. Here’s why you should choose NASB:

  • NASB does not charge an origination or application fee for VA loans.1
  • NASB has in-house processing and underwriting on virtually every loan to take you from application to closing faster.
  • Our interest rates are competitive

VA Loan FAQs

A VA loan is an exclusive, low-cost loan that helps enlisted service members and veterans of the United States military achieve their dream of home ownership. The VA loan was established in 1944 to help military service members buy a home after returning from World War II.  VA loans are backed by the Department of Veterans Affairs and can typically be used to finance up to 100% of a primary residence.

VA loans help military members, veterans, and other eligible borrowers purchase homes and refinance existing loans. VA loans usually offer low interest rates, no mortgage insurance, and no down payment. The loans are issued by private lenders but are guaranteed by the Department of Veterans Affairs (VA). This backing allows lenders to offer advantageous rates and terms and not require a down payment. 

To apply for a VA loan, you first need to establish if you are eligible by falling into one of these four categories:

  1. An active duty service member
  2. A veteran of the military who’s been honorably discharged
  3. Member of the National Guard or Reserves
  4. An unmarried spouse of a military member who either died while on active duty or due to a disability that resulted from their service

Then you will need to apply for a VA loan Certificate of Eligibility, which can be found on the VA’s website. While most VA loans don’t require a down payment or minimum income requirements, you will still need to have an acceptable debt-to-income ratio. During the VA loan process, you must have the house you wish to purchase appraised by a VA-approved appraiser. Your application will be submitted to underwriting to ensure you’ve met all the VA and private lender requirements. Once the underwriter has completed the review, they will either give you the approval to proceed to close, give conditional approval or deny your application.

There is no limit to the number of times a borrow can take advantage of VA loans as long as they still have money available in their entitlement or have paid off any previous VA loans and have restored their entitlement. Another scenario is your VA loan has been assumed by another veteran, which will restore your entitlement.

Yes, a VA loan can be assumable, even by someone who wouldn’t have originally been eligible to take out the loan themselves. The new borrower will still need to provide adequate financial qualifications to the lender. Ask your lender what requirements will be needed. 

A minimum loan amount of $175,000 is required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for details on the excluded areas and/or zip codes.

There is no minimum income requirement for a VA loan. However, you must have an acceptable debt-to-income ratio (“DTI”). This DTI divides your monthly debts by your gross monthly income.

Another income-related requirement relates to residual income. This is the monthly income after all other expenses have been paid. This remaining amount should cover food, transportation, and other basic living costs. The residual income the VA requires to qualify for their program will vary by location and family size.

Remember that although the VA doesn’t set minimum credit score limits, lenders may have specific credit score requirements. Here's a  blog that tell more.

Documentation you may need for a VA loan includes but is not limited to the following:

  • Copy of driver’s license
  • Two years full tax returns - all pages and all schedules
  • Two most recent pay stubs with year-to-date pay
  • Two most recent asset statements - all pages with full transaction history
  • Copy of your mortgage statement if you currently own
  • Bankruptcy and discharge papers (if applicable)
  • Certificate of Eligibility (COE).
  • Form 28-1880 (Request for COE)
  • Form DD-214
Click here for a calculator to determine VA loan payments based on purchased price, down payment, term, interest rate, military experience and prior VA loan use.
Yes - Unless a Power of Attorney ('POA') is approved .
For VA loans, typically no down payment is required.  However, a down payment may be required if the borrower does not have sufficient entitlement, for Graduated Loan Payment loans or one where the loan amount exceeds the property value.  Typically Lenders, however, will also require a down payment of 25% (or more) for the amount in which the loan exceeds the conforming loan limit (‘Jumbo loans’).
Every active duty member is issued a DD Form 214 when they are separated from the military, and most reservists are issued a DD Form 256. You can also get a military records request from the National Archives that maintains most records.
Yes, you can, although conventional loans typically have high interest rates and can charge monthly private mortgage insurance premiums. One reason to refinance a VA loan to a conventional loan is so that the borrower can use their VA credit to buy a rental home for extra income. Veterans only get one credit to purchase a home and this frees up their VA Entitlement so that they can purchase a second one. Here's a blog that tells more about how to refinance a VA loan to a conforming loan.

VA Home Loan Requirements

Even though you may be eligible for a VA loan based on your service and certificate of eligibility, there are also certain VA Lender qualifications that must be met in order to be approved:

  1. Two years of steady employment.
  2. The last two years of income should be either at the same level or higher.
  3. You must be at least two years past a Chapter 7 bankruptcy discharge date and have a qualifying credit score since the discharge.
  4. If you are in a Chapter 13 bankruptcy, you must have satisfactorily made at least 12 months of payments and the trustee or bankruptcy judge approved the new credit.
  5. Any foreclosure must be at least two years old, and you must have perfect credit following the foreclosure date.
  6. Purchasing or refinancing is subject to inspection to determine the marketability and verify the current market value.
  7. Minimum loan amount of $175,000 required to apply3

Other conditions for your home mortgage may apply; all loan applications are subject to underwriting approval.

Click here for additional VA loan FAQs

VA Loan Featured Blogs

VA Loan Borrower Resources


VIdeo - How to Prepare for a Mortgage Loan


Additional Resources


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What Our Customers Say
Adam O., July 15, 2021
★★★★★ (5)

"My wife and I looked into using a couple of other veteran-focused financial institutions for our VA home loan and NASB was by far the best. Their timeliness, attention to detail, the best rate offered, and customer service is what made our decision to use them for our home purchase."

90 Net Promoter Score

Based on NASB closed loan customer surveys from 6/1/2022 to 5/30/2023

$31 Billion in home loans

In the last decade based on lender data

Since 2010, NASB has helped over 52,000 veterans get loans

Based on lender data

1NASB does not charge lender fees on VA loans; however, fees payable to third-party service providers are still required, including a VA funding fee if applicable.

2VA loans require a down payment if the borrower does not have sufficient entitlement, for Graduated Loan Payment loans or one where the loan amount exceeds the property value.

3Minimum loan amount of $175,000 required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for more details on the specific areas and/or zip codes excluded.