Who qualifies
- Veterans who meet service requirements and weren't dishonorably discharged
- Active-duty service members
- National Guard and Reserve members with qualifying service
- Certain surviving spouses
You'll need a Certificate of Eligibility, which we can request for you.
Why it stands out
The VA guarantees part of the loan, so lenders can offer no-down-payment financing without private mortgage insurance. Most borrowers pay a one-time VA funding fee, which can be financed; veterans receiving VA disability compensation are generally exempt.
Refinancing
A VA Streamline (IRRRL) can lower the rate on an existing VA loan with limited paperwork, and a VA cash-out refinance can replace any loan type for eligible borrowers.
Questions
Can I use a VA loan more than once?
Yes. Your entitlement can be restored after you sell and pay off a VA loan, and in some cases you can have two VA loans at once.
Does the home need to be my primary residence?
Yes. You must intend to live in the home, though VA loans can be used for properties with up to four units if you live in one.