Military Loans
There are many lending institutions that works exclusively with the military community. As a result, these lenders understand military personnel's unique financial situations and typically they design military loans specifically for the needs of today's service member.
Who Applies for Military Loans
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Active Duty Military Personnel
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Full Time Active Reserve Personnel
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20-Year Career-Retired Military Personnel
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Department of Defense GS-6 or above
Do applicants need good credit to apply?
Credit history is only one of the criteria used by lenders to evaluate a military loan request. In addition to one's credit score, other factors include the frequency of moves, deployments, and the financial situations the service member faces.
What are the loan amounts?
Loan amounts are typically based upon the amount requested and the applicant's credit history, military rank, years in service, ETS, and debt-to-income ratio.
What type of military loans are available?
Military loan lenders vary in the types of loans that they offer. Some of the types offered include the following:
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