VA loans are backed by the Department of Veterans Affairs and are available to eligible veterans, active duty service members, and many surviving spouses. They are one of the best loan programs in the country.
Standout benefits
- No down payment required on most purchases
- No monthly mortgage insurance, even with zero down
- Competitive interest rates
- Can be reused for future home purchases
What you need to qualify
Eligibility is based on your service history and is confirmed with a Certificate of Eligibility. Lenders also look at satisfactory credit, sufficient income, and that the home will be your primary residence.
The VA funding fee
Most VA loans include a one-time funding fee that can be rolled into the loan. Some veterans, including many with service-connected disabilities, are exempt from this fee.
If you served, a VA loan is almost always worth comparing first. Our VA team can guide you through eligibility and the Certificate of Eligibility.