Home Loans

What is a VA Loan?

VA loans are designed to provide veterans with a federally-guaranteed home loan with no down payment. While the loan is provided by private lenders like banks, savings and loans, and mortgage companies, the lender is federally protected against loss if the loan defaults.

VA loans are eligible to wartime/conflict veterans, veterans with peacetime service, and Reserve and National Guard veterans. Visit the U.S. Department of Veterans Affairs website to check your eligibility.

There are many cost-saving advantages to purchasing a house with a VA loan, including:


  • 100% Financing & No Down Payment Loans

  • No Private Mortgage (PMI)

  • No Penalties for Prepaying the Loan

  • Competitive Interest Rates

  • Qualification is Easier than a Conventional Loan

  • Sellers Pay Some of the Closing Costs

  • Can be combined with additional down payment assistance to reduce closing costs

As with all of our loans,  we offer options with lender credits can reduce or eliminate your closing costs!

Veteran family unit eligible for a VA loan

How do I apply for a VA guaranteed loan?

In order to apply for a VA loan, you must choose a mortgage lender that participates in the VA program. At Desert Canyon Mortgage, we’re proud to offer VA loans to our service men and women.

Here’s what you’ll need in order to apply:

  • Certificate of Eligibility from the Veterans Administration

    Get one by submitting a completed VA Form 26-1880

  • Proof of Military Service from a VA Eligibility Center

Ready to apply for a VA loan?

Get a quick quote from our mortgage experts.