It’s time for us to serve you.

Embrace Home Loans is honored to support the men and women who serve or have served our country. We offer a host of VA loans and home financing options for military personnel and their families. VA loans are issued through approved lenders like Embrace and are guaranteed by the Federal Government through the US Department of Veterans Affairs (VA). VA home loans allow veterans to buy or refinance a home with no down payment.

To be eligible for a VA loan, you have to be currently or formerly on active duty (181 days during peace time or 90 days during war time), a National Guard or Reserve member for at least six years, or the spouse of a service member who has died in the line of duty or as a result of a service-related disability.

You’ll need a valid Certificate of Eligibility (COE) from the VA. At Embrace, our loan officers are experienced with the VA loan process, and they will obtain an electronic copy of your COE using a copy of your discharge papers, or DD-214.

Working with us will put you at ease. You’ll work with the same knowledgeable loan officer from start to finish. Our loan officers are all experts in their field with many years of experience, and they can help you close your loan in weeks, rather than months.

Embrace Home Loans is not a government agency.

Ryer - US Army

Purchasing with a VA Loan

When you purchase a home with Embrace, you’re in good company. You’ll enjoy some distinct advantages with a VA loan:

No down payment required

No monthly private mortgage insurance (PMI)

Because VA loans are government backed, you don’t have to pay private mortgage insurance (which is typically required). This allows for larger loans with the same payment.

Competitive rates

Since VA loans are government backed, lenders view these loans as safer options for homeowners. As a result, they’re able to offer more competitive interest rates than traditional loan programs.

Finance your funding fee
For VA purchase loans, there is a funding fee. This ensures that the program can continue for future generations of military personnel and their families, and this fee goes directly to the VA. Your funding fee can be conveniently rolled into the overall loan amount. The fee does not apply for veterans with service-related disabilities.

Additional requirements

The home being financed must be your primary residence. In addition to a valid COE, standard items, such as pay stubs, tax returns, W-2s, employment history, bank and investment statements, and documentation of any real estate assets, are required.


Refinancing with a VA Loan

When you team up with Embrace to get a VA refinance loan, you have a tactical advantage. One of our mortgage specialists will walk you through all of the refi options that exist under the VA guidelines. There are many benefits possible. You can lower your monthly payments, merge a Conventional loan with VA-backed one, or even get cash for home improvements.

When it comes to VA loans, two options for refinancing exist: Interest Rate Reduction Refinance Loans (IRRRL) and a more traditional Cash-Out Refinance. The IRRRL was created to give veterans who are currently paying off their mortgage an even lower interest rate. In order to qualify, you must already have a VA loan-backed mortgage, and the new rate must be lower than your original. You also qualify if you’re refinancing from an adjustable rate to a fixed rate. IRRRLs are helpful for those still active in the military or who have completed their service.

The other option for a VA refi is a Cash-Out VA Refinance, which you can use the funds as you wish, including for repairs or improvements on a home. Whether you have a Conventional, FHA, or a VA-backed loan, you can still fold it into the Cash-Out Refinance.

Some eligibility requirements include the following:

  • Veterans who served on active duty in the Army, Navy, Air Force, Marines, or Coast Guard, and (except for a service member on active duty) was honorably discharged
  • Members of the Reserves and National Guard upon completion of six years of service
  • Unmarried surviving spouses of veterans who died as a result of service or service-connected causes

Frequently asked questions

How do I get a Certificate of Eligibility?

Complete a VA Form 26-1880, Request for a Certificate of Eligibility: You can apply for a Certificate of Eligibility by submitting a completed VA Form 26-1880, Request For A Certificate of Eligibility For Home Loan Benefits, to VA along with proof of military service. Embrace may also be able to obtain a Certificate of Eligibility for you in some cases.
Yes, your eligibility is reusable depending on the circumstances. Normally, if you have paid off your prior VA loan and sold the property, you can have your used eligibility restored for additional use. On a one-time only basis, you may have your eligibility restored if your prior VA loan has been paid in full even if you still own the property. Also, if you still own the property associated with a prior VA loan, you may still be eligible for another VA loan. Contact an Embrace loan officer for more information. You must contact the VA Eligibility Center with the appropriate information in order to have your ability restored.
Standard Form 180, Request Pertaining to Military Records, is used to apply for proof of military service regardless of whether you served on regular active duty or in the selected reserves. This request form is NOT processed by VA. Rather, Standard Form 180 is completed and mailed to the appropriate custodian of military service records. Instructions are provided on the reverse of the form to assist in determining the correct forwarding address.
It depends. If a veteran has already used a portion of his or her eligibility and the used portion cannot yet be restored, any partial remaining eligibility would be available for use. Contact Embrace to help determine whether the remaining balance would be sufficient for the loan amount requested, and whether any down payment may be required.
The children of an eligible veteran are not eligible for the home loan benefit. An unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability is eligible for the home loan benefit. If you wish to make an application for the home loan benefit as a surviving spouse, please reach out to us. In addition, a surviving spouse who obtained a VA home loan with the veteran prior to his or her death (regardless of the cause of death), may obtain a VA guaranteed interest rate reduction refinance loan. For more information, contact an Embrace Loan Specialist today.
"Being a first time home buyer, Christine was there to help with every step and extremely helpful." - Eileen, NH
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