Proudly Helping Veterans…Together

November 5, 2020

AFR has helped more than 10,000 veterans and their families achieve their dream of homeownership over the last 20 years. It is an honor and a privilege to play a role in this dream for our military men and women.

One of the few remaining zero down payment options, VA loans are backed by the Department of Veterans Affairs. Considered by many to be among the best loans available to eligible military personnel, veterans, or their surviving spouses, VA loans require no money down and no mortgage insurance.

Blue Water Navy Vietnam Veterans Act

If you’ve served in the military, you should also be aware of some of the major policy changes in VA home loans that became effective this year, as part of the Blue Water Navy Vietnam Veterans Act of 2019. ( Veterans and active-duty service members may now have more borrowing power, but may also pay higher fees for new VA home loans.

In addition to extending disability benefits to more Vietnam War veterans exposed to Agent Orange, VA loan limits have been eliminated for borrowers with full entitlement to VA loans. However, the congressionally mandated VA funding fee has increased for most borrowers, the exception being active-duty Purple Heart recipients. Veterans and service members are subject to a slight increase of 0.15 to 0.30% in their funding fee, while National Guard and Reserve members are seeing a slight decrease in their fee. Veterans with service-connected disabilities, some surviving spouses, and other potential borrowers are exempt from the VA loan funding fee and are not impacted by this change.

Irrespective of the changes, the benefits of VA home loans remain the same. They have competitive interest rates and can provide 100% financing with no down payment required, among other advantages.

VA Home Loans

AFR is proud to offer a variety of VA Loan options, and pays the required VA Sponsorship fee for brokers and correspondents on all AFR-related VA Loan submissions.

VA Renovation

VA Renovation allows eligible borrowers to combine the purchase of a home, with the cost of repairs, into a single mortgage loan, with up to 100% financing. These loans can also be used to refinance an existing mortgage,

VA One-Time Close (OTC)

Provides financing for home construction, lot purchase and permanent mortgage loan, all with one closing — plus no money down & low interest rates!

VA Financing for Manufactured Housing

Eligible borrowers can use a VA-guaranteed loan to purchase a qualifying manufactured home and lot. An affordable way to buy a brand new home!


Also referred to as a VA Streamline Refinance, this option provides an efficient, fast approval refinance from one VA loan to another to lower monthly payments. No appraisal or credit underwriting package required.

VA Fully Amortizing Fixed & VA Jumbo

Help the nation’s men and women in uniform, as well as qualifying veterans, achieve the American Dream by offering affordable home financing with zero down payment required. Purchase and refinance options available!

VA home loans have enabled thousands of deserving families to become homeowners. At AFR, we’re proud to provide these benefits to the brave men and women who have served our country and will continue to help many more generations of veterans come home.

Photography by [PEPPERSMINT] ©

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