How to Apply

At Blake Mortgage, we make the
the process of getting a VA loan
fast and simple.

Are You a Veteran? A VA Loan May Be the Answer

If you are a former or active duty service member looking for a low-stress, low-cost mortgage when buying a home or refinancing, Blake Mortgage, is happy to walk you through the VA loan process to get you the best rate and deal. Contact Blake Mortgage today to learn more about this incredible home loan benefit.

At Blake Mortgage we are thrilled when we can help military families and veterans qualify for a VA loan because of the many advantages this loan program offers over other mortgage options. It’s our honor to assist those who have bravely served our country save money on their home mortgage.

Do you have a question about our process of getting a VA loan? Learn more below, or feel free to contact us. We look forward to hearing from you!

10 Reasons to Consider a VA Loan

No Down Payment Required
Unlike other borrowing options, in most cases, a VA loan does not require a down payment. Therefore, you can free up your cash to use for other items or move in without saving for a down payment which can be an obstacle for homeownership for many people.

Lower Interest Rates
VA loans offer consistently lower rates than traditional bank financing loans because the VA home loan program is federally backed by the U.S. Department of Veteran Affairs (VA).

Easy to Qualify
The good news is to qualify for a VA loan credit and income requirements are much more lenient than conventional loans. You also don’t have to be a first-time buyer to qualify.

No PMI Payments
Private mortgage insurance, or PMI as it’s commonly known, is required for most types of loans when the buyer does not have 20% down. The PMI protects the lender should one not be able to make a payment on their loan. So not only do you not need a down payment for a loan, you do not need coverage for not having 20% down. Avoiding PMI is a great benefit it can save you anywhere from .5 to 2% of your original loan amount a year.

Federally Guaranteed
Because the VA guarantees the loan, lenders are willing to offer more favorable terms than a conventional home loan.

Communities are Vetted
The Veteran Affairs Department will even go as far as vetting communities before a buyer moves in so that the community is suitable for servicemen and women with disabilities.

Reduced Closing Costs
A VA loan may also have reduced or no closing costs.

No Prepayment Penalties
Should you choose to make extra payments to reduce your principal balance or pay off your loan early, you will not pay any extra fees or pay a prepayment penalty.

Default Protection
The VA provides insurance to lenders in the case that you cannot make a payment on a loan. Additionally, there are services that may be offered to veterans in danger of defaulting on their loans.

Available Across the United States
No matter where you live in the U.S., you can access a VA loan by contacting a VA-approved lender.

Who is Eligible? Eligibility Requirements

Let us at Blake Mortgage help determine your VA loan eligibility. Or you can get your VA Certificate of Eligibility (COE) here.
VA home loans are generally available to those who have their Form DD214 and have:
● Served more than 180 days during peacetime OR
● Served 90 consecutive days of active service days during wartime OR
● Are active members of the National Guard for at least 6 years OR
● Have served in the Gulf War for 24 months
● Are surviving spouses of servicemen either killed or missing in action or due to a service-connected disability

VA Loans are not just for purchase loans. You can refinance with a:

Interest Rate Reduction Refinance Loan
An interest rate reduction refinance loan (IRRRL) is an excellent tool for veterans to refinance to lower their monthly mortgage payment with a reduced interest rate. Blake Mortgage can investigate whether we can get you a rate lower than the one you currently have. What is great, is you may not need an appraisal nor credit underwriting to apply for an IRRRL. It’s also possible to refinance without having to bring any money out of pocket to closing.

Cash-Out Refinance Loan
Need cash from your house? While it’s not possible to get money out from an IRRRL, a VA-backed cash-out refinance loan allows you to take cash out of your home equity. Additionally, it gives you the flexibility to refinance a non-VA loan into a VA-backed loan.


Get Started Now

Blake Mortgage offers VA backed loans through various lenders and can walk you through the process. To see what a monthly payment looks like or to apply for a VA loan, schedule your free one-hour consultation now.

New Mortgage Loan

Home Purchase Loan

The most significant purchase of your life should be an unforgettable one for all the right reasons. Our home purchase loans can help you secure the home of your dreams at a crucial moment in the transaction.

Learn More

New Construction Loan

Construction Loan

Construction Loans can help you secure the funds you need to make home improvements. You are finally ready for that addition to the home you have been dreaming about, and we are by your side.

Learn More

Reverse Mortgage

Reverse Mortgage

Reverse Mortgages continue to rise in popularity for those who qualify. These types of mortgages can help individuals smooth out income and assets in the later stages of life. We make the process easy by providing all the information you need.

Learn More

Getting a Mortgage Shouldn't Be Difficult

Make getting a mortgage a simple and quick process!