A top-rated VA lender in Lancaster County and beyond

We Work With You & Don’t Charge More

We take great pride in providing direct, personalized service and support to our veteran customers without the added fees and complications of third-party involvement. This also allows us to have a more hands-on approach and ensure that each veteran receives the best possible loan options and benefits available to them.

Understanding that the path to homeownership can be complex for veterans and active military personnel, we tailor our processes to simplify and guide them through every phase.

Determining Your Eligibility

The Veterans Administration guarantees VA loans, but only for those eligible.

The Department of Veterans Affairs lays out the criteria for qualifying, including the minimum active-duty service requirements. Some of these include:

• Service Members: Served for at least 90 continuous days.
• Veterans: Depends on the year served.
• National Guard: Depends on the year served.
• Reserve Members: Depends on the year served.

Even if you were discharged, you could still qualify for a Certificate of Eligibility (COE) if certain criteria are met, such as a reduction in force or specific medical conditions.

When You Can & Can’t Use a VA Loan

There are parameters in place for when you can and can’t use a VA loan. You can use one for circumstances such as:

• For primary residences
• Refinancing an existing mortgage

Alternatively, you aren’t permitted to use a VA loan for situations like:

• Investing or renting
• Business loan

By understanding the intended use and restrictions of VA loans, our clients can better plan their home-buying journeys. 

Additional Inspections

It’s also worth mentioning that VA loans require additional inspections during the home-buying process. Homes must pass this inspection. This is to ensure that the homes veterans and active military personnel are investing in meet certain conditions for safety, sanitation, and structural integrity. 

Also, extreme fixer-uppers aren’t allowed. Properties requiring significant repairs or improvements will be excluded so veterans and their families move into homes that are safe, secure, and a sound investment. 

Advantages of a VA Loan

There are many benefits to acquiring a VA loan, some of which include:

• No down payment is required. Please note, though, that buyers still need funds for moving expenses and anything that they can’t roll into the loan.
• No Private Mortgage Insurance (PMI).
• Interest rates are competitive.
• The benefit never expires and can be used repeatedly.
• Closing costs are limited.
• Huge efforts are made to keep veterans in their homes, avoiding foreclosure.

Giving Back

Our commitment to our service members goes a few steps further than getting them a good rate or a good deal on a loan. The American Warrior Initiative (AWI) is FAIRWAY's effort, working with non-profits like The Boot Campaign to sponsor mortgage-free homes, service dogs, VA Homeless Centers, or other needs. Every dollar donated to the AWI goes towards a veteran in need.

Your Local VA Lender

When you purchase a home, it should be an exciting endeavor, and we do everything possible to make sure it is. By offering these tailored VA home loans, we strive to give back to our veterans, helping them secure homes where they can build a peaceful and comfortable life after their commendable service.

You can feel confident when you work with our group of experts here at Fairway Independent Mortgage, your VA lenders in Lancaster County. Contact us today for more information!