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Getting approved for a VA loan in the San Antonio area doesn’t have to be difficult. In fact, here at Canopy Mortgage, LLC, our VA loan specialists will do everything in our power to get your approved..

If you have served in the military and are now looking to buy a new home then this loan could help you. The loan will drastically reduce the pressure that you are under when looking at a traditional mortgage.

VA Loan in San Antonio TX

Any potential homeowner that is eligible for the VA home loan will find that it is the most advantageous program available. The recipients will generally be awarded certain benefits that are not found with traditional mortgages. These benefits include:

  • No PMI
  • 0% down payment when signing
  • Competitive interest rates
  • Easier qualification
There are very few mortgages that offer a 0% down payment option in the current market, but veterans and their families will be eligible for this when they get a VA home loan. Lenders working with the VA home loan program will not require the lenders to get Private Mortgage Insurance or PMI as the mortgage will be backed by the federal government. This backing of the federal government will also bring other benefits such as the competitive interest rates and qualification requirements that are easier than traditional home loans.

Find Out if You Are Eligible for a VA Loan in San Antonio

Learn more about VA loan limits, rates, and guidelines from VA Loan Academy in San Antonio, TX.
There are some basic requirements that need to be met for people looking to participate in the VA home loan program. These requirements will look at income and military service.

There is no defined threshold for income for the loan program, the VA loan program does require the veterans to have a reliable monthly income to cover the monthly expenses. This generally means that the veteran and their family will need to prove they have enough income to cover food, transportation and any emergencies. This residual income requirement will ensure that all veterans are able to stay on top of the monthly mortgage repayments.

The VA will ultimately decide who is eligible for the loan, but military personnel, veterans and their families can check the basic service requirements. These requirements will be one of the primary determining factors in eligibility:

  • Completed 90 consecutive days of active service during wartime
  • Completed 181 days of active service in peacetime
  • Completed more than 6 years of service in the National Guard or the Reserves
You may also be eligible if you are the spouse of a military service member who died in the line of action. If you are then you should contact a VA Loan Specialist to talk about whether or not you will be eligible for the VA home loan program.

Certificate Of Eligibility

Once the VA has determined that you are eligible for the VA home loan you will have to apply for a Certification of Eligibility. This certification will verify you standing to the mortgage lender. It is possible to apply for the certificate online through the VA websites eBenefits portal. You may also be able to request the certificate through your lender in some cases.


There are a number of benefits that the VA home loan program offers to those who qualify. The first is that purchase loans are available for people buying their home whether it is their first or not. The loan will have a 0% down payment and there are no requirements for PMI. The VA home loan will also offer competitive interest rates to those that qualify.

Cash-out refinance loans are also available and allow you to take cash from your home equity if you need to pay for certain expenses immediately. This type of loan will help you repay debt or pay for school. You can also use this loan to make an improvement to your home.

Interest Rate Reduction Refinance Loan is the third loan benefit that you will get from this program and it is often called a Streamline Refinance Loan. You can use this loan to refinance and existing VA home loan to get lower interest rates. You can also change the VA adjustable rate mortgage to a fixed rate mortgage.

There are some additional specialized programs that you can look at such as adapted housing grants for veterans who have suffered service-related disabilities. There is also the Native American Loan program which helps qualifying Native American veterans to finance a home. These homes will need to be on federal trust land.

Finding A Veterans Lender And Getting Started

It can be daunting to return home from overseas and rejoin civilian life. It is also no secret that many veterans struggle with homelessness and mental health problems. In an effort to support veterans the US government has implemented the VA Home Loans program which has been around since 1944. This program has helped veterans and their families find a new home for 70 years through an affordable home financing option. The VA Home Loan is not a direct loan from the government, but from a private lending company that works with a guarantee from the government.

Once you know that you are eligible for the VA home loan, have your certificate of eligibility and have found a home that you want to buy it is time to find a private lender for the loan. It is recommended that you research all of the options that are available. This is due to offers and rates varying between lenders.

While the VA does not have minimum income requirements or credit score limits, the lenders will look at this when checking your loan profile. Many lenders will require you to have a credit score of at least 640. Based on the loan profile the interest rates offered by the lenders will vary. It is also important that you find out about any fees you will have to pay such as penalties for early payments that affect accrued interest in the future.

You should also look for a VA-approved lender to work with. The type of loan that most suits your needs should also be looked at as you can get adjustable or fixed rates and different terms such as 15 or 25 years. You should then compare similar loans to each other to determine which is the best for you.

Buying a new home is an unnerving task but the VA home loan program was put in place to make this easier for the people who have serviced their country in the military. If you were a member of the military or the reserves and want to buy a house then the VA could be able to help you.

For questions about a VA Loan in the San Antonio area, please call a VA Loan specialist at 210-361-0465

Additional Helpful Information

Service AreasCompany Details

Local communities we service in the San Antonio, TX area:

Adkins, Atascosa, Balcones Heights, Bigfoot, Bulverde, Cibolo, Converse, Elmendorf, Fair Oaks Ranch, Helotes, Kirby, La Coste, Lytle, Macdona, Natalia, Saint Hedwig, San Antonio, Schertz, Somerset, Universal City, Von Ormy

Atascosa County, Bexar County, Comal County, Frio County, Guadalupe County, Medina County

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