To do our part in supporting active military and veterans, we offer VA home loans that offer low-interest rates, minimal down payments and out-of-pocket costs, and 100 percent financing. Purchasing the home of your dreams is achievable with this incredible loan option!
What is a VA Loan?
After World War II, the American government established the VA home loan program in order to help service members, veterans, and their families purchase their dream homes. The loan is guaranteed by the federal government to ensure the best rates and terms. Since the program first began, approximately 18 million VA loans have been issued by the U.S. government. These loans are designed to ensure that the brave men and women who have sacrificed to keep our country safe, have access to adequate funding for purchasing homes. These types of loans can also be issued to cover home repairs and improvements, as well as for debt consolidation.
Explore Our Loans
Canvas Mortgage, a division of Merchants & Marine Bank, provides a variety of mortgage loans designed to suit a household’s unique needs. Our VA loans, which are partially insured by the U.S. Department of Veteran Affairs, are available to all qualifying military veterans and active servicemen and servicewomen. Here are a few of the incredible advantages you’ll receive with this loan option:
- Simple and straightforward terms
- Low down payment requirements
- Competitively low interest-rates
- Limited closing costs
- 100 percent financing available
- No Private Mortgage Insurance (PMI) required
- A streamlined program for refinancing your mortgage
Before applying for a loan, we recommend checking out the comprehensive Homebuyer’s Guide available from our team at Canvas Mortgage. This guide gives a thorough breakdown of each step of the loan process and dives into the most commonly asked questions from homeowners.
If you’re interested in learning more about our VA loans, please reach out to us today. A member of our team will be happy to answer any of your questions, walk you through the specifics, and tell you about the next steps to securing your loan. One of our team members who helps our customers with VA compliance and disclosures, Riley Smith, is a veteran himself. Riley brings the perspective of not only a financial services professional, but also as someone who has proudly served our country in active military duty.
Everyone on our team is here to help you create a comfortable, prosperous life for you and your family members.