VA Loans

VA Loans for Service Members

At Central Bank, we deeply appreciate the commitment and sacrifices of our service members and their families. We believe that the dedication of those who have served our country deserves support at every stage of life—especially when it comes to achieving the dream of owning a home.

That’s why Central Bank is proud to offer Veterans Administration (VA) home loans. Our VA loans are designed to help active-duty service members, veterans and eligible surviving spouses get closer to owning a home without the financial strain often associated with traditional mortgages.

What Is a VA Home Loan?

VA home loans are backed by the U.S. Department of Veterans Affairs, making it easier for eligible service members, veterans and their families to qualify for a mortgage. Unlike conventional loans, VA loans offer a host of unique benefits specifically tailored to those who have served. Central Bank’s VA loans stand out because we combine the government-backed features with our own commitments to competitive rates and local, hands-on service—ensuring a smoother path to homeownership.

Benefits of Central Bank’s VA Home Loans

VA loans from Central Bank come with a variety of benefits, including:

  • Zero money down: With no down payment requirement, Central Bank’s VA home loans allow you to buy a home without the need to save up for a large initial payment. This makes the process more affordable and lets you start building equity from day one.
  • No monthly mortgage insurance: Unlike many conventional loans, VA loans don’t require monthly mortgage insurance, which lowers your monthly payment. This benefit translates to significant savings over the life of the loan.
  • Local, common-sense underwriting: Central Bank is dedicated to providing a personal and straightforward experience with local underwriting. Our approach ensures that decisions are made quickly and with your unique situation in mind, allowing us to offer you a smooth process and rapid response times.
  • Community Heroes Rewards Program: Eligible active-duty military members, veterans and other community heroes can earn up to $500 in rewards when financing a home and opening a checking account with Central Bank. This exclusive benefit helps make homeownership even more attainable. Learn more.
  • Gift funds accepted for closing costs: If you need a little extra assistance, Central Bank’s VA loans allow for gift funds to cover closing costs, making it easier for you to complete your home purchase without additional financial stress.
  • Loan may be assumable: If you decide to sell your home, your VA loan may be assumable by the buyer. This feature can make your property more attractive to potential buyers and streamline the selling process.

Is a VA Loan Right for You?

For many veterans and active-duty service members, a VA loan is a practical and cost-effective way to achieve homeownership. Whether you’re ready to buy your first home, move to a new place, or explore the advantages of assuming an existing loan, Central Bank is here to help. Our team of experienced lenders will guide you through the process, answer your questions and make the process as easy as possible.

At Central Bank, we honor your service by ensuring the path to owning a home is as accessible and stress-free as possible. To learn more about our VA home loan options and take the next step toward your dream home, reach out to our mortgage team. Or contact your local Central Bank branch to speak with a member of our team directly.

Standard credit qualifications apply.