VA Home Loans
No Down
Payment
Buy a home without saving up for a large upfront payment.
No PMI
Unlike most loans with less than 20% down, VA loans don’t require private mortgage insurance.
Competitive
Rates
Because they’re backed by the VA, lenders often offer lower rates compared to conventional financing.
Flexible Qualification
Credit and income requirements are generally more forgiving, making homeownership more accessible.
What is a VA Home Loan?
A VA home loan is a mortgage program backed by the U.S. Department of Veterans Affairs. Designed exclusively for eligible veterans, active-duty service members, and surviving spouses, VA loans offer powerful benefits—including no down payment, no private mortgage insurance (PMI), and competitive interest rates. With flexible qualification standards and government backing, VA loans have helped millions of service members achieve the dream of homeownership.
Why Choose a VA Loan?
VA loans provide some of the strongest benefits available in the mortgage industry. One of the biggest advantages is the ability to purchase a home without a down payment—something few other loan programs allow. VA loans also don’t require private mortgage insurance, which means lower monthly costs compared to FHA or conventional loans with less than 20% down. In addition, VA loans are known for offering competitive interest rates, helping veterans and service members save thousands over the life of their loan.
Qualification standards are also more flexible than most programs. Borrowers with lower credit scores or higher debt-to-income ratios may still be eligible, making VA loans a great option for those who might not otherwise qualify for traditional financing. Combined, these features make VA loans one of the most affordable and accessible paths to homeownership.
Who Qualifies for a VA Loan?
VA loans are available to veterans, active-duty service members, National Guard members, and certain reservists who meet minimum service requirements. In many cases, surviving spouses of service members who died in the line of duty or as a result of a service-related disability are also eligible.
To use the program, borrowers must obtain a Certificate of Eligibility (COE) from the VA, which verifies service history and confirms entitlement. Beyond service requirements, borrowers must plan to use the property as their primary residence—VA loans cannot be used for second homes or investment properties. Properties must also meet VA minimum standards to ensure they are safe, sound, and sanitary.
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Additional Considerations
Borrowers should be aware of the VA funding fee, a one-time charge that helps keep the program sustainable. This fee can vary depending on whether it’s your first VA loan, the size of your down payment (if any), and your branch of service. Importantly, many veterans with service-related disabilities are exempt from paying the fee. VA loans also limit certain closing costs, helping reduce upfront expenses.
FAQ
Can I use a VA loan to buy a second home or investment property?
No. VA loans are intended for primary residences only, not vacation homes or investment properties.
Can I refinance with a VA loan?
Yes. The VA offers streamlined refinancing options such as the Interest Rate Reduction Refinance Loan (IRRRL) and cash-out refinancing for eligible borrowers.
What is the VA funding fee?
It’s a one-time fee paid to the VA to help keep the program running. The amount depends on your down payment (if any), service history, and whether it’s your first VA loan. Many veterans with service-related disabilities are exempt.
Can I use a VA loan more than once?
Yes. If you’ve paid off your previous VA loan or sold the property, you may be able to restore your entitlement and use the benefit again.
Ready to Explore Your Options?
With over 17 years of mortgage lending experience, we’re proud to serve those who’ve served our country. Our team will walk you through the VA process, confirm your eligibility, and ensure you maximize every benefit available.
Ready to use your VA home loan benefit? Let’s start your application today.