You have served your country - let us serve you.

If you're a veteran, active-duty service member, or an eligible surviving spouse looking to purchase a home, a VA loan might be the ideal solution for you.

Created by the U.S. Department of Veterans Affairs, VA loans are designed to provide our nation's heroes with a more accessible and affordable path to homeownership, featuring attractive and flexible guidelines. VA loans offer numerous benefits, including no down payment requirements, no private mortgage insurance (PMI), and competitive interest rates. These loans are tailored to accommodate the unique financial circumstances of those who have served our country, ensuring that the dream of homeownership is within reach for those who have given so much.

Want to learn more? Let’s take a closer look.

What is a VA Mortgage loan?

A VA mortgage loan is a special type of home loan designed specifically for eligible veterans, active-duty service members, and surviving spouses. The loan program is backed by the U.S. Department of Veterans Affairs (VA), and its primary goal is to help those who have served our country achieve the dream of homeownership by offering more affordable and accessible financing options.

So, if you're searching for a mortgage option that acknowledges your invaluable service and supports your journey to homeownership, a VA loan could be the perfect fit. With its exceptional benefits and borrower-friendly terms, a VA loan with Diamond Residential Mortgage Corporation can be the key to securing the home you and your family deserve. Embrace the opportunity to build a bright future surrounded by the comfort and stability of a home that honors your dedication and commitment to our nation.

Check out the loan guidelines, pros and cons for VA loans below.

General VA Loan Guidelines:

  • Flexible credit standards
  • VA Program financing with 0% down payment available
  • 30-year or 15-year fixed-rate terms
  • No monthly mortgage insurance
  • Purchase and refinance options
  • Funding fee required (disabled is exempt)

Pros of a VA Mortgage Loan:

  1. No down payment is required in most cases.
  2. There is no requirement for mortgage insurance, which can save borrowers money each month.
  3. VA loans have more lenient credit requirements compared to conventional loans.
  4. The interest rates for VA loans are generally lower than those for conventional loans.
  5. VA loans have flexible repayment terms.


Cons of an VA Mortgage Loan:

  1. There is a funding fee that is typically included in the loan amount. This fee can vary depending on factors such as the borrower's military status, down payment amount, and whether it is the borrower's first time using a VA loan.
  2. VA loans have stricter requirements for the condition of the property being purchased.
  3. VA loans have a limit on the amount that can be borrowed, which varies depending on the location of the property.


Good candidates for VA mortgage loans include:

  1. Active duty military members, veterans, and surviving spouses who are eligible for a VA loan.
  2. Borrowers who want to purchase a primary residence.
  3. Borrowers who do not have a large down payment.
  4. Borrowers who want to avoid the requirement for mortgage insurance.
  5. Borrowers who have a lower credit score or limited credit history.
  6. Great for First Time Home Buyers

Contact one of our knowledgeable loan specialists who can help guide you through our extensive suite of loan products for a mortgage solution tailored to meet your specific needs.  

Diamond Residential Mortgage Corporation (DRMC) is a private entity and is not a government agency, nor is it affiliated with, endorsed, or sponsored by the U.S. Department of Veterans Affairs (VA). DRMC is an independent mortgage lender that offers and facilitates VA loans in compliance with VA guidelines. For more information on VA loans or any related programs, please visit the official U.S. Department of Veterans Affairs website at