Southeast Home Loans helps veterans and active-duty service members in Memphis, Shelby County, and DeSoto County use their VA benefit to buy a home with no down payment, no PMI, and a 580 minimum credit score.
A VA home loan is a mortgage benefit earned through military service. Backed by the U.S. Department of Veterans Affairs, VA loans allow eligible veterans, active-duty service members, and surviving spouses to finance a home purchase with no down payment, no private mortgage insurance, and flexible credit requirements.
Unlike FHA or conventional loans, VA mortgages do not require PMI regardless of how much you put down. That alone can save eligible borrowers hundreds of dollars every month. The VA guarantees a portion of the loan, which allows lenders like Southeast Home Loans to offer more favorable terms to those who have served.
Whether you are buying your first home in the Memphis area or relocating to the Mid-South after service, a VA home loan may be the most powerful financing option available to you. Southeast Home Loans serves veterans across Memphis, Shelby County, and DeSoto County, Mississippi.
The VA loan program offers advantages that no conventional or FHA loan can match. Here is what eligible veterans and service members can expect.
Qualified borrowers can purchase a home with zero down payment. This removes one of the biggest barriers to homeownership for veterans and their families.
VA loans carry no PMI requirement at any down payment level. For a typical Mid-South home, this can mean $150 to $300 less per month in housing costs.
Southeast Home Loans accepts a minimum credit score of 580 for VA loans. We look at your complete financial picture, not just a number.
Because the VA backs your loan, lenders can offer rates that are typically lower than conventional loan rates for the same borrower profile.
Your VA loan benefit does not expire after one use. Eligible borrowers can use it multiple times as long as entitlement requirements are met.
You can pay off your VA loan early at any time without facing a prepayment penalty, giving you flexibility as your situation changes.
To use a VA home loan, you must have eligible military service and obtain a Certificate of Eligibility (COE). At Southeast Home Loans, we pull your COE directly through our VA account in most cases, so you will not need to locate your DD-214 or request it yourself. Below are the general service requirements.
| Service Category | General Requirement |
|---|---|
| Wartime active duty | ✓90 or more consecutive days of active service |
| Peacetime active duty | ✓181 or more consecutive days of active service |
| National Guard and Reserves | ✓6 years of service, or 90 days active duty under Title 10 or Title 32 orders (at least 30 consecutive days under Title 32) |
| Surviving spouses | ✓Eligible in certain cases where the veteran died in service or from a service-connected disability |
Eligibility is determined by the U.S. Department of Veterans Affairs. Character of discharge and specific service conditions also apply. Call Southeast Home Loans and we will pull your COE at no cost and let you know where you stand.
The VA does not set a minimum credit score, but lenders may. At Southeast Home Loans, our minimum is 580. You will also need to demonstrate sufficient income and meet the VA residual income guidelines, which are designed to ensure veterans have enough left over each month after housing costs.
Common questions from veterans and service members about the VA home loan process.
Southeast Home Loans is a Memphis-based mortgage company. We are not a national call center. We are your neighbors, and we understand the Memphis and Mid-South housing market from the inside.
We serve eligible veterans, active-duty service members, and surviving spouses across the greater Memphis metro area, including communities throughout Shelby County and across the state line into DeSoto County, Mississippi. Whether you are buying in Germantown, Bartlett, Collierville, Olive Branch, Southaven, or anywhere in between, Southeast Home Loans is your local VA mortgage partner.
Memphis has a proud and active veteran community, and we are committed to helping as many of those families as possible use the VA benefit they have earned. If you are not sure whether you qualify, call us. We will give you a straight answer at no cost.
Contact Southeast Home Loans today. We will review your eligibility, answer your questions, and help you take the next step toward homeownership.
