Arkansas VA Home Loans are home mortgages backed by the U.S. Department of Veterans Affairs.  Arkansas VA Home Loans are intended to assist qualifying Arkansas veterans:  active-duty service personnel, retired, disabled and surviving spouses in becoming homeowners.  VA home loans are offered by private lenders.  The VA guarantees a portion of the loan, allowing the lender to provide the borrower with more advantageous terms: no down payment requirement, competitive interest rates, and limited closing costs.

Arkansas VA Home loans can be used for any of the following: purchasing, building, improving, or refinancing a home.  Borrowers who meet the criteria for eligibility still need to have the minimum credit and income requirement necessary for the loan amount they are requesting.

Qualification Requirements of an Arkansas VA Home Loan

Multiple active duty service requirements must be met to qualify for a VA home loan, and these requirements vary depending on the length of time served.

If you served between August 2, 1990, and to present, you must have either: 

• At least 24 consecutive months of service, the entire period (of at least 90 days) for which you were called or ordered to active duty, or you must have served for the whole time you were called or ordered to active duty;
• At least ninety days if you were discharged due to a reduction in force or a hardship; 
• At least ninety days if you were discharged due to a hardship or a reduction in force. Less than ninety days if you were discharged due to a service-connected disability.

If you served between August 8, 1980, and August 1, 1990, you have met the minimum active-duty service requirement if you served for:

• At least 24 months in a row, or; 
• The full-time you were called to active duty (at least 181 days) or;
• At least 181 days if you were let go because of a hardship or a cut in force. Less than 181 days if you were let go because of a service-related disability.

For complete eligibility requirements about VA home loans, visit the VA housing assistance page. 

Qualifications for a VA-backed Mortgage Loan include good credit, regular income, and a current Certificate of Eligibility (COE). Moreover, one must be the primary occupant of the dwelling.

For a home to be eligible for an Arkansas VA loan, it must meet the VA Minimum Property Requirements (MPRs) set forth by the Department of Veterans Affairs. The property’s safety and condition depend on your compliance with these regulations.

Apply For An Arkansas VA Home Loan

At Capital Home Mortgage Arkansas, we aim to simplify the application process. We handle your application from beginning to end and assist you in locating the most suitable loan program for your needs. Direct mortgage lending allows us to provide competitive interest rates and low fees. Call us at (501) 588-7399 and get your Arkansas VA loan today.