Thank You for Your Service
Now Let Us Help You Buy a Home

VA loans are one of the most powerful home financing benefits available to veterans, active-duty service members, and eligible surviving spouses. With zero down payment, no monthly mortgage insurance, and competitive interest rates, VA loans make homeownership affordable and accessible for those who've served our country.

Anchor Mortgage is a Direct VA Lender approved by the Department of Veterans Affairs. We underwrite, approve, and fund VA loans in-house with our own warehouse lines of credit - meaning faster closings, more flexibility, and direct communication throughout your home purchase.

VA Loan Benefits

Zero Down Payment Buy a home with $0 down - no savings required. Finance 100% of the purchase price up to the VA loan limit in your county.

No Monthly Mortgage Insurance (PMI) Unlike conventional and FHA loans, VA loans don't require monthly mortgage insurance premiums. This saves you hundreds of dollars every month.

Competitive Interest Rates VA loans typically offer lower interest rates than conventional mortgages because the loan is partially guaranteed by the Department of Veterans Affairs.

Flexible Credit Requirements While we typically look for 620+ credit scores, VA loans are more forgiving than conventional financing. Recent credit challenges? We can work with you.

No Prepayment Penalty Pay off your VA loan early without any penalties or fees.

Reusable Benefit Use your VA loan benefit multiple times throughout your lifetime. Sell your home, restore your entitlement, and use it again.

Assumable Loans Qualified buyers can assume your VA loan, potentially making your home more attractive to future buyers.

Who Qualifies for VA Loans?

Eligible Service Members:

✅ Veterans who served on active duty and were discharged under conditions other than dishonorable
✅ Active-duty service members (after 90 consecutive days of service)
✅ National Guard and Reserve members (after 6 years of service)
✅ Surviving spouses of service members who died in service or from service-connected disabilities

All Military Branches Eligible:

 VA Loan Limits 2025-2026

As of 2025, there is no loan limit for veterans with full entitlement purchasing with $0 down. However, if you've previously used your VA benefit or have reduced entitlement, county-specific limits may apply.

Most counties in South Carolina: $806,500
High-cost areas: Up to $1,209,750

Want to buy above the limit? You can still use a VA loan - you'll just need a down payment on the amount exceeding the limit.

The VA Funding Fee

The VA charges a one-time funding fee that can be rolled into your loan amount (no out-of-pocket cost). The fee varies based on:

• Type of service (active duty vs. reserves)
• Down payment amount
• First-time vs. subsequent use

Fee Waived for:

• Veterans receiving VA disability compensation
• Veterans eligible to receive disability compensation (but receiving retirement pay instead)
• Surviving spouses of veterans who died in service or from service-related disabilities

Property Types Eligible for VA Loans

✅ Single-family homes
✅ Townhouses
✅ Condos (in VA-approved projects)
✅ Multi-unit properties (2-4 units - you must occupy one unit)
✅ New construction
✅ Manufactured/mobile homes (on permanent foundation)

VA Loan Process with Anchor Mortgage

Step 1: Verify Your Eligibility
Obtain your Certificate of Eligibility (COE) from the VA. We can help you get this quickly - often the same day.

Step 2: Get Pre-Approved
As a direct VA lender, we pre-approve you in-house. Most pre-approvals completed within 24-48 hours.

Step 3: Find Your Home
Work with your real estate agent to find a home. The property must meet VA minimum property requirements (MPRs) and pass a VA appraisal.

Step 4: Close Fast
We control the entire underwriting process, allowing us to close most VA loans in 21-30 days.

Why Choose Anchor Mortgage for Your VA Loan

Direct VA Lender We fund VA loans with our own warehouse lines of credit - no waiting on third-party lenders. Faster decisions, better communication.

Serving Those Who Served We've been helping veterans and active-duty service members achieve homeownership since 2004. We understand military life, deployments, and unique financial situations.

Nationwide Coverage PCS to a new duty station? We finance VA loans in all 50 states.

No Overlays Many lenders add their own restrictions ("overlays") beyond VA requirements. We follow VA guidelines - if the VA approves it, we approve it.

Experienced VA Specialists Our team knows VA loans inside and out. We'll guide you through every step and maximize your benefits.

Common VA Loan Questions

Can I use a VA loan more than once?
Yes! Your VA benefit is reusable. Once you sell your home or pay off your VA loan, your entitlement is restored.

Do I need perfect credit?
No. While we typically look for 620+ scores, we evaluate your entire financial picture. Recent credit challenges can often be explained and approved.

Can I buy a fixer-upper with a VA loan?
Standard VA loans require the home to be move-in ready. However, the VA Renovation Loan allows you to finance repairs and improvements.

Does the seller have to pay closing costs?
No, but the seller CAN contribute up to 4% of the purchase price toward your closing costs. This is negotiable in your purchase contract.

Can I use a VA loan to buy investment property?
No. VA loans are for primary residences only. However, you can buy a 2-4 unit property, live in one unit, and rent the others.

Ready to Use Your VA Home Loan Benefit?

You've served your country - now let us serve you. Whether you're buying your first home, upgrading to a bigger space, or refinancing to a lower rate, Anchor Mortgage makes VA loans simple.

Contact Dante Campanelli and the Anchor Mortgage team today:
📞 Call: 843-367-9900
📧 Email: info@anchormortgagellc.com
🌐 Apply Online: https://www.anchormortgagellc.com

Proud to serve veterans and active-duty military in Myrtle Beach, Charleston, and nationwide.