Idaho’s VA Home Loan Specialists

Use the benefits earned through your military service to get a loan for $0 down!

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(208) 941-7469

Discover Today's VA Home Loan Rates

Loan Information

Our aim is to make the VA loan process as simple as possible. We are here to guide our clients every step of the way because we understand how valuable our customer's time is. As our customers, we put your priorities first and want there to be complete transparency throughout the VA loan process. To help with this, listed below is some information to answer your FAQs and get you started.

What is a VA Loan?

A Veterans Affairs (VA) loan is a mortgage loan that is specifically designed for military personnel, veterans and military families. It is guaranteed by the U.S. Department of Veterans Affairs and is a home mortgage loan issued by approved lenders, such as Heidi Todd, and is guaranteed by the federal government.

If you or your spouse have served or are presently serving in the U.S. military, you might be eligible for a VA loan. A VA loan offers long-term financing with three types of loans: purchase loans, interest rate reduction refinance loans and cash-out refinance loans. No down payment is needed to purchase a home with a VA loan.

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Who is Eligible for VA Loans?

  • Veterans
  • Active-Duty Personnel
  • Reserve Members
  • National Guard Members
  • Some Surviving Spouses
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Veterans Administration (VA) Home Loan Benefits

  • Loan Features
  • Up to 100% financing available
  • No monthly private mortgage insurance
  • Credit scores as low as 600 FICO
  • Seller concessions up to 4% of the reasonable value of the property
  • Little to no down payment*
  • Low closing costs
  • No prepayment penalties
  • VA financing fees can be “rolled” into the loan amount
  • Variety of eligible property types, including townhomes, VA-approved condos, and manufactured homes

*A down payment is required if the borrower does not have full VA entitlement, or if the loan amount is greater than $417,000

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VA Loan Refinancing

The VA Loan program allows qualified, current homeowners to take advantage of lower rates in order to have an overall lower monthly payment. If you are in need of home improvement or some extra help paying off auxiliary debts, a VA refinancing can help you obtain the funds you need, when you need them.

The VA offers two main programs to help military homeowners reduce their rates and make ends meet. For those looking to lower their interest rates and payments, the VA offer a Streamline refinance to help uncover significant savings for military homeowners. If you are more interested in cashing in on some of your home’s equity for home improvements or for an emergency, the Cash-Out Refinance can put funds in your pocket for whatever needs arise.

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Get Today's VA Home Loan Rates!

Get Today's VA Home Loan Rates!

Our VA Home Loan Specialist

Heidi Todd

Mortgage Loan Officer

As the wife of a retired member of the United States Air Force, I have a great appreciation for those who serve and their families. It gives me great pleasure to assist military members and their families with their home loan needs. I look forward to helping you become a homeowner or assisting you with a refinance. My team and I will work hard to make the process a smooth one!

NMLS ID #117812

I am authorized to conduct business in the state of Idaho. NEXA Mortgage LLC NMLS #1660690