VA Loans
in Arizona

lower interest rates

The VA Loan in Arizona provides veterans with a federally guaranteed home loan which requires no down payment. The Veteran Home Loan program provides housing and assistance for veterans and their families. The Veterans Administration provides insurance to lenders in the case that you default on a loan.

Because there’s a guaranteed mortgage, lenders will offer a lower interest rate and terms than a conventional home loan. VA home loans are available in all 50 states. A VA loan may also have reduced closing costs and no prepayment penalties.

Additionally, there are services for veterans in danger of defaulting on their loans. VA home loans in Arizona are available to military personal who:

  • served 181 days during peacetime
  • served 90 days during war
  • have a spouse of serviceman either killed or missing in action

The Veteran Administration’s Loan began in 1944 through the Servicemen’s Readjustment Act. Many refer to it as the GI Bill. President Franklin D. Roosevelt signed it into law. The program provides veterans with a federally guaranteed home loan requiring no down payment.

Private lenders, such as banks, savings & loans, and mortgage companies, provide VA loans to eligible veterans for primary homes. The lender has protection against loss if the loan defaults. Depending on the program option, the loan may or may not default.

Wartime/Conflict Veterans

  • Veterans who were NOT Dishonorably Discharged, and served at least 90 days
  • World War II – September 16, 1940 to July 25, 1947
  • Korean Conflict – June 27, 1950 to January 31, 1955
  • Vietnam Era – August 5, 1964 to May 7, 1975
  • Persian Gulf War – Check with the Veterans Administration Office
  • Afghanistan & Iraq – Check with the Veterans Administration Office
  • Veterans Administration website www.va.gov

Peacetime Service

At least 181 days of continuous active duty with no dishonorable discharge. You may still be eligible if you received an early discharge due to a service-related disability. Contact your Regional VA Office to verify your status.

  • July 26, 1947 to June 26, 1950
  • February 1, 1955 to August 4, 1964, or May 8, 1975 to September 7, 1980 (Enlisted), or to October 16, 1981 (Officer)
  • Enlisted Veterans who started service after September 7, 1980, must complete 24 months of continuous active duty. Officers who began service after October 16, 1981, must meet the same requirement. Both must receive an honorable discharge.

Reserves and National Guard

  • Certain U.S. Citizens who served in the Armed Forces of a U.S. ally during World War II may qualify.
  • Surviving spouse of an eligible Veteran who died resulting from service, and has not remarried.
  • Spouses of Armed Forces members who served on active duty and were POWs or MIAs for over 90 days.

You must use a VA home loan to finance your personal residence within the United States and its territories. You have choices for the type of home you purchase:

  • Existing Single-Family Home
  • Townhouse or Condominium in a VA-Approved Project
  • New Construction Residence
  • Manufactured Home or Lot
  • Home Refinances and Certain Types of Home Improvements

  • 100% Financing & No Down Payment Loans
  • No Private Mortgage (PMI)
  • No Penalties for Prepaying the Loan
  • Competitive Interest Rates
  • Qualification is Easier than a Conventional Loan
  • Sellers Pay Some of the Closing Costs
  • Can be combined with additional down payment assistance to reduce closing costs

You can apply for a VA Loan with any mortgage lender that participates in the program. In addition to the application requirements from your lender, you will need the following at application time:

If I have already obtained one VA Loan, can I get another one?

Yes, your eligibility is reusable depending on the circumstance. If you have paid-off your prior VA Loan, and disposed the property, you can have your eligibility restored again. You may restore your eligibility one time if you have paid off your previous VA loan but still own the property.

Either way, the Veteran must send the Veterans Administration a completed VA Form 16-1880 to the VA Eligibility Center. To prevent processing delays, include proof that you fully paid the prior loan. If applicable, also provide evidence that you sold the property. You must submit a paid-in-full statement from the former lender or a copy of the HUD-1 settlement statement.

What are the disadvantages of a VA Loan?

  • Buyers can assume VA loans made before March 1, 1988, without needing to qualify. If the buyer defaults the property the Veteran homeowner may be liable for the funds.
  • Some sellers hesitate to work with VA Loan buyers because it takes longer than a conventional loan to process.
  • Buyers often ask sellers to cover part of the closing costs, making sellers less likely to negotiate the home’s price.

Yes, your eligibility is reusable depending on the circumstance. If you have paid-off your prior VA Loan, and disposed the property, you can have your eligibility restored again. You may restore your eligibility one time if you have paid off your previous VA loan but still own the property.

Either way, the Veteran must send the Veterans Administration a completed VA Form 16-1880 to the VA Eligibility Center. To prevent processing delays, include proof that you fully paid the prior loan. If applicable, also provide evidence that you sold the property. You must submit a paid-in-full statement from the former lender or a copy of the HUD-1 settlement statement.

  • Buyers can assume VA loans made before March 1, 1988, without needing to qualify. If the buyer defaults the property the Veteran homeowner may be liable for the funds.
  • Some sellers hesitate to work with VA Loan buyers because it takes longer than a conventional loan to process.
  • Buyers often ask sellers to cover part of the closing costs, making sellers less likely to negotiate the home’s price.

Can Scout Help Me Find a Veteran House Loan in Arizona?

We’re honored to serve those who have served. Scout Mortgage commits to helping veterans secure the best home financing options and veteran loans available. Whether you’re a first-time homebuyer or looking to refinance, we’re here to assist. When you reach out to us for a veteran home loan in Arizona, you can expect:

  • Expert guidance from a team that understands VA loan benefits
  • Straightforward answers to all your questions
  • Support through the loan process, from application to closing
  • Help comparing options to find the best veteran house loan for your needs

apply now.

Don’t delay. Get the support you deserve applying for VA Home Loans by applying today!

Find the Best VA Loans in Arizona

Want to buy a home with your earned benefits? We help veterans and active-duty service members find the best financing. Our team explains your benefits, guides you through the process, and secures competitive loan terms.

We make homebuying simple and stress-free. Take the next step—contact Scout Mortgage today to explore VA loans in Arizona and find the right home for you.