Welcome Active Military and Veterans to Our VA Home Loan Page!

First and foremost, THANK YOU FOR YOUR SERVICE! KNE Realty Group 360 loves to recognize our military members and veterans by dedicating ourselves to those who have served for our country. Since 2009, KNE Realty 360 has helped hundreds of military members and their families purchase a home through the VA Home Loan, and it is our goal to help hundreds of more veterans purchase their piece of the American Dream. Our team of VA-friendly REALTORS are leaders in the Southeastern Michigan area and are experts in helping veterans utilize their VA Loan Benefits. In fact, our company was recognized by Google as a highly rated veteran-led business business in Nov. 2019. We are both proud and grateful to serve those who have served us and our country.

This page was created to inform and instruct military members and their families on the VA Home Loan so that they can make an informed decision on whether it’s right for them.

What is a VA Home Loan?

The VA Home Loan was introduced in 1944 as part of the GI Bill with the goal of helping U.S. veterans, active duty service members, and widowed military spouses buy a home in a country they fought to defend. Although the VA Home Loan has several benefits, it’s most notable is requiring NO down payment to purchase a home. 

The VA Loan is offered by private entities (banks, credit unions, and mortgage lenders, etc.), yet is backed by the U.S. Department of Veteran Affairs. This means the U.S. government guarantees it will pay back a portion of the VA Loan (typically 25 percent) IF the homebuyer unfortunately defaults (is unable to make payments) on the loan. 

The amount one can borrow using the VA Loan used to vary by county, but due to the Bluewater Act, as of January 2020, a qualified buyer can borrow as much as he or she is approved for.

Although purchasing a home can be scary, the VA Home Loan has a track record of success. In fact, it has been the most foreclosure-resistant loan on the market since the 2008 crash. This success can be, in-part, credited to the Department of Veteran Affairs’s Avoidance Team, who speaks to lenders on behalf of VA homeowners having trouble making payments, offering alternatives to foreclosure, such as a repayment plan, This outreach by the VA has been monumental, as it has helped more than 460,000 veteran homeowners AVOID foreclosure in the past six years.

Millions of military members are eligible for a VA Loan, which is why we encourage ALL ACTIVE DUTY MILITARY MEMBERS AND VETERANS, even if they are doubtful, to check their eligibility status. You can see the VA Home Loan eligibility requirements in detail by clicking the link below under “Commonly asked VA Home Loan Questions.”

In 75 years, the VA loan has helped over 22 million military families purchase a piece of the American dream. Unfortunately, that number is far less than it should be: A whopping one out of every three home-buying veterans does not know this program exists! Even then, veterans that do know about it don’t use it because they recieve INACCURATE or MISLEADING information about the eligibility requirements or stipulations. However, our mission here at KNE Realty 360 is to help change that statistic.

What are the Benefits of using the VA Home Loan?

  • NO DOWN PAYMENT Required
  • No Private Mortgage Insurance Required
  • Competitive Interest Rates
  • More credit and income flexibility, making it EASIER for eligible borrowers to qualify
  • YOU CAN USE IT MULTIPLE times (Not just for your dream home!)
  • Your VA loan is NOT funded by the government, meaning you can competitively shop for the VA loan that works for you among a wide variety of U.S. banks, savings-and-loans institutions, credit unions and mortgage lenders
  • It can be used to purchase a single-family home, a condominium, a multi-unit property, a mobile home, you can even use your VA home loan for new construction
  • It can be used to REFINANCE a current VA loan or non-VA loan
  • If you unfortunately can’t make the payments on your loan, The federal government GUARANTEES to pay a portion of the loan back

Comparing Costs to Other Loans

Estimated prices for a $200,000 mortgage with a 4.75% interest rate.

Loan Type
Min. Down Payment
Funding Fee
Principal and Interest
Taxes and Insurance
Mortgage and Insurance
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Commonly Asked VA Home Loan Questions:

Veteran Resources: