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VA Loans

Your dedication to our country deserves recognition. VA fixed-rate loans and adjustable-rate mortgages1 (ARMs) with special financing features are available to eligible current or former members of the U.S. Armed Forces and their surviving spouses.

Advantages of VA loans:

  • You can choose 100 percent financing for the purchase of a 1-4 unit primary residence with no down payment
  • You can take advantage of more favorable income, debt and credit qualifications
  • The seller can pay most loan costs as part of the purchasing agreement up to 4% of the reasonable value of the property
  • You have the option to choose a fixed or adjustable1 interest rate
  • SunTrust Mortgage underwrites its own VA loans
  • There is no penalty for prepaying your VA loan
  • No monthly mortgage insurance payments

What you'll need to consider2:

  • VA mortgage loan amount up to $1 million is available with equity and/or down payment, ask your loan officer for more details
  • You don't need cash reserves for a maximum loan amount of $424,100 (in designated areas), but two months cash reserves are required for loans greater than this amount
  • Loans are available for purchases of primary residences only; however, if the veteran previously occupied their investment property, it would be eligible for the Interest Rate Reduction Refinancing Loan (IRRRL)3
  • Temporary interest rate buy-downs are available
  • There is a required guarantee fee (funding fee) which may be financed

Call 877.907.1043, email us or find a loan officer serving your community to learn more about VA loans


1 Adjustable Rate Mortgage (ARM) products have interest rates that may increase after consummation.

2 Visit for VA eligibility requirements.

3 Restrictions apply for IRRRLs on investment properties: may not be a jumbo loan and veteran is required to have once occupied the property and to have a VA loan for it.

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