VA Loans

Smart Families Trust Zeus™

A Veterans Administration loan can help both active and retired military members make their dream of owning a home come true. However, you must meet certain qualifications to secure a VA loan. The Loan Specialists at Zeus Lending are here to help you fully understand how a VA loan can benefit you and how to qualify for it. We love serving those who’ve served!

The Benefits of a VA Loan

First and foremost, VA loans do not require a down payment, which means the loan applicant can finance 100% of the property’s final purchase price. Many buyers consider this the biggest boon of a veteran personal home loan, as they do not have to spend time-saving money for a down payment, which means they can close on a home they like earlier. Traditional private mortgages usually require a down payment of 5%, and even FHA loans require a 3.5% down payment. Since the average person who applies for it typically has about $9,000 in total assets, not worrying about coming up with a down payment lessens stress levels.

Secondly, VA loans do not require the purchase of a mortgage insurance policy, as conventional and FHA loans do. If your down payment is less than 20% of the overall principal, private lenders will require mortgage insurance until you have built up 20% in equity. On the other hand, FHA loans require mortgage insurance no matter what. These loans without mortgage insurance save veterans about $40 billion every year.

VA loans are usually easier to secure than private or FHA loans. So if you’re a veteran with a not-so-great credit score, don’t worry; a loan you can afford may still be available. Typically, the minimum credit score to receive a loan is 580, and lenders allow borrowers to have higher debt-to-income ratios. Also, suppose a veteran has suffered a serious financial difficulty, such as foreclosure or Chapter 13 bankruptcy. In that case, they can usually secure it sooner than they would have qualified for an FHA or private loan.

The benefits of a VA loan keep coming. They often have lower interest rates and no prepayment penalties, and you won’t pay as much in closing costs and fees. Best of all, VA loans aren’t a one-and-done deal. If you buy your first home using a VA loan and later need to move, you can use it to buy your next home, the home after that, and so on as long as you continue to qualify.

Who Can Qualify for a VA Loan?

The VA requires that certain conditions be met regarding your service time before being eligible for a VA loan. You must have served for one of the following lengths of time:

  • At least 181 days of active service during peacetime
  • At least 90 straight days of active duty during wartime
  • At least 6 years of service with the National Guard or Reserves, or 90 days, 30 of which must be consecutive, under Title 32

Surviving spouses of veterans who gave their lives in the line of duty or due to a service-connected disability are also eligible to apply, but they must meet additional requirements.

The Right Solution

If you’re a veteran in Greater Houston looking to purchase the home you want and deserve, Zeus Lending can help you, no matter your financial situation or credit score. If you have any questions about VA loans, we encourage you to contact one of our Loan Specialists. We’re here to make the loan process as stress-free and straightforward as possible for you! Our Super-Simple Application™ takes less than 3 minutes to complete, so fill it out today, and one of our Loan Specialists will reach out to you as soon as possible. We look forward to serving those who have served our great country!

Zeus VA Loan Advantages:

  • There’s no down payment required. You can achieve the American dream of home ownership much sooner
  • You don’t need to purchase private mortgage insurance. This saves you hundreds every month
  • Approval guidelines are more flexible: lower credit score (580), higher debt-to-income ratio (DTI), etc
  • There are limits on what VA borrowers can be charged in fees and closing costs
  • It has lower average interest rates
  • There are no prepayment penalties should you want to pay off your loan early
  • Borrowers can apply for multiple loans throughout their lifetime. It’s not a one-time benefit

Zeus Mortgage Loans Are The Right Solution

Our Loan Specialists at will help you evaluate all your choices. We’re experts at finding you the best options and values.

100% Satisfaction–Our Extreme Guarantee

The Super-Simple Application™ takes fewer than 3 minutes to complete. A knowledgeable Loan Specialist will contact you right away, help you with any questions, and assist you in making the best choice. There’s no obligation on your part. The only obligation is our obligation to ensure you are 100% satisfied with our service

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Documents Needed For All Loans:

  • A copy of your current Drivers License and Social Security Card
  • Most recent 30 days worth of pay stubs
  • Most recent 60 days worth of bank statements. (If using retirement funds, please provide terms and conditions of withdrawal)
  • Most recent 2 years W-2’s (please provide signed and dated Year-To-Date Profit and Loss statements if self-employed)
  • Most recent 2 years IRS tax returns (both personal and business, all pages, all schedules please)



Additional Documents if Purchasing a Home:

  • Copy of the fully executed purchase contract (signed by all parties)
  • A copy of the cleared earnest money check or money order
  • Copy of your option money check
  • Homeowner’s Insurance Company contact information