VA Loans
VA Loan Programs
VA loans help eligible veterans, active-duty service members, and surviving spouses purchase a home with no down payment, no mortgage insurance, and flexible credit terms.
Program Details
VA Loans are government-backed mortgages provided by private lenders and guaranteed by the U.S. Department of Veterans Affairs (VA). These loans are a powerful benefit for:
- Active-duty service members
- Veterans
- Reservists and National Guard members
- Surviving spouses of veterans
**VA Loan Highlights**:
- $0 down payment required
- No private mortgage insurance (PMI)
- Competitive interest rates
- Limited closing costs
- Reusable benefit — use it multiple times
VA loans are available across all 50 states and can be used for purchasing, refinancing, or improving a primary residence.
- Active-duty service members
- Veterans
- Reservists and National Guard members
- Surviving spouses of veterans
**VA Loan Highlights**:
- $0 down payment required
- No private mortgage insurance (PMI)
- Competitive interest rates
- Limited closing costs
- Reusable benefit — use it multiple times
VA loans are available across all 50 states and can be used for purchasing, refinancing, or improving a primary residence.
Eligibility Requirements
- Must meet service time requirements (90 days wartime, 181 days peacetime, or 6 years in Reserves/National Guard)
- Honorable discharge or active-duty status
- Must obtain a Certificate of Eligibility (COE) from the VA
- Property must be used as your primary residence
- Honorable discharge or active-duty status
- Must obtain a Certificate of Eligibility (COE) from the VA
- Property must be used as your primary residence
Program Benefits
- No down payment required
- No mortgage insurance (unlike FHA or conventional loans)
- Relaxed credit and income requirements
- Competitive rates often lower than conventional loans
- One-time VA funding fee (waived for some disabled veterans)
- No mortgage insurance (unlike FHA or conventional loans)
- Relaxed credit and income requirements
- Competitive rates often lower than conventional loans
- One-time VA funding fee (waived for some disabled veterans)
How to Apply
1. - Obtain your Certificate of Eligibility (COE) from the VA
2. - Find a VA-approved lender
3. - Get pre-qualified and submit required documents (income, assets, etc.)
4. - Find a VA-eligible home and make an offer
5. - Complete a VA appraisal and underwriting
6. - Close with no money down
2. - Find a VA-approved lender
3. - Get pre-qualified and submit required documents (income, assets, etc.)
4. - Find a VA-eligible home and make an offer
5. - Complete a VA appraisal and underwriting
6. - Close with no money down
Program Overview
Category
VA Loans
Official Program Website
Information about this program is provided as a resource and may be subject to change. Always verify details with the official program website.
Important Note
Program availability, terms, and requirements may vary by lender and location. Additionally, programs are subject to change based on policy updates and market conditions. Always consult with a mortgage professional for the most current information and to determine eligibility for specific programs.