VA Loans in Spokane, WA: Your Gateway to Affordable Homeownership & Quality Living

Spokane VA Loans and Spokane VA Loan Refinancing

Veterans and VA Loans: Why Spokane, Washington is Your Ideal Home Destination

If you are a Veteran contemplating the next chapter of your life, consider making Spokane, Washington, your new home. With a flourishing job market, top-notch healthcare facilities, excellent educational opportunities, and a vibrant recreational landscape, Spokane offers an unparalleled quality of life. Furthermore, by utilizing VA Loans, you can secure a home in this appealing location at an affordable cost. This guide aims to provide comprehensive insights into VA Loans, their benefits, eligibility criteria, and the application process, as well as a detailed overview of the numerous advantages of life in Spokane.

Understanding VA Loans

VA Loans are exclusive mortgage options for U.S. military Veterans, service members, and their spouses. They come with numerous benefits, such as no down payment requirement, no mortgage insurance, competitive interest rates, and lenient credit requirements. This home loan program is part of the Veterans Affairs Department’s commitment to aid those who have served our country.

Spokane VA Loan Requirements:

  1. Spokane VA Loan Certificate of Eligibility (COE): A COE, the cornerstone of your Spokane VA Home Loan application, proves to your lender that you’re eligible based on your service history.
  2. Credit Score: Most lenders in Spokane look for a credit score of at least 620. However, some lenders may offer flexibility due to the security provided by the VA’s guaranty.
  3. Debt-to-Income Ratio (DTI): For Spokane VA Loans, the VA prefers a DTI ratio of 41% or less. However, higher ratios may be approved if there are mitigating factors, such as a high credit score or substantial residual income.
  4. Steady Income: You must demonstrate a dependable income that can cover your monthly expenses, including your new Spokane VA Loan mortgage payment.
  5. Primary Residence in Spokane: VA Loans in Spokane are only available for properties that will serve as your primary residence within Spokane city or the greater Spokane area.
  6. VA Appraisal: Once you’ve made an offer on a Spokane home, the VA requires an appraisal by a VA-certified appraiser to determine the home’s market value and confirm it meets the VA’s Minimum Property Requirements (MPRs).

Eligibility for Spokane VA Loans:

You may be eligible for a Spokane VA Loan if:

  1. Service Duration: You’ve served 90 consecutive days of active service during wartime, or 181 days of active service during peacetime, or 6 years in the National Guard or Reserves.
  2. Spouse Benefit: You’re the surviving spouse of a service member who died in the line of duty or as a result of a service-related disability, and you haven’t remarried.
  3. Discharge Status: You were not dishonorably discharged.
  4. Residual Income: You have a sufficient net income remaining each month after all major expenses (including the Spokane VA Loan mortgage) have been paid.

At VA Loans Finance, we understand the unique needs and circumstances of our Veterans, and we’re ready to guide you every step of the way in your journey toward homeownership in beautiful Spokane, Washington.

Steps to Obtaining a VA Loan

  1. Determine Your Eligibility: First, you’ll need to acquire your COE to confirm your eligibility for a VA Loan.
  2. Pre-Qualification Process: A pre-approval will give you an estimate of how much you can borrow, helping you set a realistic budget.
  3. Home Search: Once pre-qualified, begin your home search in your desired area – in this case, the scenic city of Spokane, Washington.
  4. Make an Offer: Upon finding a suitable property, make an offer. If accepted, a home inspection should be your next step.
  5. VA Appraisal: A VA-approved appraiser will assess the home to ensure it’s worth the amount you plan to borrow and meets the VA’s minimum property requirements.
  6. Finalize Your Loan: If the property is appraised satisfactorily, you can proceed to close the loan and become the proud owner of your new Spokane home!

Why Choose Spokane, Washington

Spokane’s Housing Market: An Opportunity for Veterans

Spokane’s housing market presents a unique opportunity for Veterans looking to purchase or refinance a home using their VA Loans. It’s a market characterized by consistent growth, affordability, and a robust future outlook.

Growth and Stability

Spokane’s housing market has displayed remarkable stability, with home values consistently rising over the past decade. According to the Spokane Association of Realtors, median home prices in Spokane have steadily increased year over year, demonstrating a robust and resilient market. As a Veteran, investing in Spokane real estate could mean enjoying a reliable appreciation in the value of your asset.


Despite this consistent growth, Spokane’s housing market remains relatively affordable, especially when compared to other major cities in Washington like Seattle. The median home price in Spokane is significantly lower than the national average, making it an ideal market for Veterans using their VA Loans, which often come with competitive interest rates and no down payment.

Future Outlook

The outlook for Spokane’s housing market remains positive, thanks to several factors:

  1. Population Growth: Spokane is one of the fastest-growing cities in Washington, with an annual growth rate exceeding the national average. This population growth indicates a strong demand for housing, contributing to a healthy real estate market.
  2. Economic Resilience: Spokane’s diverse economy, with strong sectors in healthcare, education, and manufacturing, offers stability to the housing market.
  3. Quality of Life: Spokane’s high quality of life, with its abundant outdoor recreational opportunities, top-notch schools, and thriving arts scene, continually attracts new residents, driving demand for homes.

A Great Time for VA Loans

Interest rates for VA Loans are currently near historic lows, making this an opportune time for Veterans to purchase or refinance a home in Spokane. Remember, VA Loans offer significant benefits, such as no down payment, limited closing costs, and no private mortgage insurance (PMI).

Spokane’s VA Loans Finance is committed to helping you leverage these benefits in the promising Spokane housing market. Now is a perfect time to invest in your future in Spokane – a city that values and supports its Veterans. Let us help you make Spokane your home.

Exceptional Healthcare for Veterans and their Family Members!

Leading the charge in healthcare for Veterans is the Mann-Grandstaff VA Medical Center, named after two Medal of Honor recipients from Spokane. This facility provides a broad range of health services, including mental health treatment, primary care, and specialized services for various conditions. The commitment to Veterans’ health is profound, with dedicated teams striving to offer personalized, whole-person care in a respectful environment. Veterans in Spokane can rest easy knowing that their health is in capable and compassionate hands.

Top-tier Hospitals and Medical Facilities

Spokane is also home to several premier hospitals and medical facilities. The Providence Sacred Heart Medical Center and Children’s Hospital is renowned for its advanced medical and surgical services. Meanwhile, the MultiCare Deaconess Hospital is celebrated for its excellence in stroke care and orthopedics. These facilities, among others in Spokane, ensure that all family members, not just Veterans, have access to top-notch medical care.

Accessible Healthcare Resources

Accessibility to healthcare is further bolstered by several clinics and urgent care centers spread across the city. These facilities cater to non-emergency health concerns, making sure that medical assistance is readily available whenever you need it. Additionally, there are multiple specialized clinics and health centers that cater to women’s health, pediatrics, and chronic conditions.

Preventive and Holistic Health Services

Spokane values preventive care and promotes a holistic approach to health. The city hosts various programs and workshops on health education, disease prevention, and lifestyle modifications, empowering residents to take charge of their well-being. Fitness centers, yoga studios, and wellness clinics are abundant, providing resources for physical fitness and stress management – integral components of holistic health.

In-home and Long-term Care

For Veterans needing in-home healthcare or long-term care, Spokane provides resources such as the Home Based Primary Care program and Community Living Centers, ensuring that Veterans of all ages and health statuses receive the care they need.

Choosing Spokane means choosing a city that prioritizes your health and wellness. As a Veteran, you and your family deserve the peace of mind that comes with having excellent healthcare resources within easy reach – and that’s precisely what Spokane delivers. Make Spokane your home, and experience the difference of a community that genuinely cares for its Veterans.

Employment Opportunities for Veterans in Spokane:

  1. Goodwill Industries of the Inland Northwest: Goodwill’s Operation: GoodJobs initiative helps Veterans and their families integrate into the workforce through job training and education.
  2. CareerOneStop: Sponsored by the U.S. Department of Labor, CareerOneStop provides Veterans with resources for job training, employment opportunities, and career development.
  3. Hire Heroes USA: This organization offers free job search assistance to U.S. military members, Veterans, and military spouses, and helps companies connect with opportunities to hire them.
  4. Spokane Workforce Council: The Spokane Workforce Council offers numerous resources to Veterans, including job listings, career counseling, and training opportunities.

Networking Resources for Veterans in Spokane:

  1. Veterans of Foreign Wars (VFW) Post 51: This local branch of the national VFW organization provides a place for Veterans to connect, share experiences, and support each other.
  2. Team Red, White, and Blue: With a local chapter in Spokane, Team RWB connects Veterans to their community through social and physical activities.
  3. The Vet Center: Part of the U.S. Department of Veterans Affairs, The Vet Center provides a broad range of services to Veterans and their families at 300 community-based Vet Center locations.

Support Services for Veterans in Spokane:

  1. Mann-Grandstaff VA Medical Center: In addition to its medical services, the center offers a variety of support resources, including mental health services and suicide prevention.
  2. Washington State Department of Veterans Affairs: The state VA department offers services in mental health, housing assistance, and more to Veterans living in Spokane.
  3. Spokane County Veterans Services: This county resource provides emergency assistance, counseling, and support for local Veterans and their families.
  4. Veterans Haven: Veterans Haven provides a supportive community for homeless Veterans, with services ranging from housing assistance to counseling and job placement.
  5. Catholic Charities Eastern Washington: The organization offers a wide range of services to Veterans, including housing assistance, case management, and employment services.

By utilizing these resources, Veterans in Spokane can build fulfilling careers, create robust networks, and access the support they need to thrive in their post-military lives. It’s just one more reason why Spokane is a great place for Veterans and their families to call home.

Education Opportunities:

Spokane boasts an outstanding education system and provides an array of resources to Veterans and their families.

Top-notch Schools for Families

Spokane Public Schools, the largest school district in Spokane, serves nearly 30,000 students across 34 elementary schools, six middle schools, and six high schools. The district is known for its commitment to academic excellence, high graduation rates, and a multitude of extracurricular activities.

For younger children, Spokane offers a wealth of early learning and preschool programs to give your little ones a head start in education. And when it comes to options for private education, Spokane is home to a variety of prestigious private and parochial schools.

Higher Education Opportunities

Spokane is an educational hub, featuring several universities and community colleges offering a wide array of degrees and programs. Institutions such as Gonzaga University, Whitworth University, Eastern Washington University, Washington State University Spokane, and the Community Colleges of Spokane provide diverse academic programs and continuing education opportunities.

Education Resources for Veterans

  1. VA Education Benefits: As a Veteran, you can use your GI Bill benefits to pursue degree programs, trainings, and certifications. The VA provides robust support to help you navigate your benefits and choose the right educational path.
  2. Veterans Upward Bound (VUB) Program at EWU: This free program assists Veterans in the development of academic and other requisite skills necessary for acceptance into a program of postsecondary education.
  3. Spokane Vet Center: The center offers educational and career counseling to Veterans and their dependents.
  4. Spokane Community College Veterans One Stop: This dedicated space offers Veterans and their families access to computers, academic support, benefits assistance, and a quiet place to study.
  5. Troops to Teachers: This program helps eligible military Veterans begin a new career as teachers in public, charter, and Bureau of Indian Affairs schools where their skills and experience are most needed.

Remember, as a Veteran, you and your dependents are entitled to educational benefits. These resources not only provide access to top-notch education but also help transition military experience into civilian skills, making Spokane a compelling choice for Veterans seeking to further their education or embark on a new career path.

Things to do in Spokane for Veterans and their Families!

Spokane, Washington, is a city that prides itself on its myriad of recreational opportunities. From the urban heart of the city to the great outdoors, there’s something for everyone, including Veterans and their families.

Indoor Recreational Activities

  1. Museums and Cultural Centers: Spokane is rich in history and culture, with institutions such as the Northwest Museum of Arts & Culture, the Mobius Science Center, and the Spokane Valley Heritage Museum providing interactive learning experiences for all ages.
  2. River Park Square: This shopping center in the heart of downtown Spokane offers a variety of stores, restaurants, and entertainment options, including a movie theater and a rotating carousel.
  3. Spokane Veterans Memorial Arena: This indoor multi-purpose arena is a great place for Veterans and their families to catch a game of ice hockey, basketball, or enjoy a live concert.
  4. Fitness Centers: Spokane is home to several gyms and fitness centers, many of which offer military discounts. From traditional weight training and cardio to yoga and Pilates, there’s a workout to suit everyone.
  5. Indoor Rock Climbing: For the adventurous, facilities like Bloc Yard Bouldering Gym offer an exciting indoor rock climbing experience.

Outdoor Recreational Activities

  1. Riverfront Park: Situated in downtown Spokane, this park features a plethora of outdoor activities, including a SkyRide over the falls, a giant red wagon, outdoor skating ribbon, and numerous walking trails.
  2. Centennial Trail: This extensive trail system is perfect for biking, jogging, or a leisurely stroll. The trail stretches from downtown Spokane into Coeur d’Alene, Idaho, providing stunning views of the Spokane River.
  3. Mount Spokane State Park: This park is a fantastic spot for hiking, horseback riding, and camping in the summer. In the winter, it becomes a snow-lover’s paradise, with opportunities for snowshoeing, cross-country skiing, and downhill skiing.
  4. Fishing and Boating: With several rivers and lakes in and around the city, fishing, and boating are popular pastimes. The Spokane River, Liberty Lake, and Newman Lake are just a few of the local favorites.
  5. Golfing: Spokane offers numerous golf courses with stunning views and varying levels of difficulty. Indian Canyon, Hangman Valley, and Downriver Golf Courses are popular choices.
  6. Veterans Community Gardens: These community spaces provide Veterans with opportunities to cultivate their own gardens, promoting both physical activity and mental well-being.

Living in Spokane means embracing a lifestyle that balances indoor comfort and outdoor adventure. So whether you’re an art enthusiast, a nature lover, a sports fanatic, or a shopping aficionado, Spokane has you covered. And with a community that deeply respects and appreciates its Veterans, you’ll find a sense of belonging and enjoyment in every corner of the city.

As a Veteran, you’ve served our country, and it’s our privilege to serve you. Through VA Loans, Veterans like you can fulfill the dream of homeownership without financial strain. And what better place to call home than Spokane, Washington – a city that values and supports its Veterans? This vibrant city offers a flourishing housing market, top-tier healthcare, excellent education opportunities, a vibrant job market, and an array of indoor and outdoor recreation options. At VA Loans Finance, we’re here to assist you in embarking on this exciting journey. Don’t wait – explore the benefits of VA Loans and the joys of Spokane living today!