(888) 801-2004 Questions? Give us a call.

VA

I'm an active service member or I'm a military Veteran.

Why a VA Loan?

No Down Payment

VA loans do not require a down payment and are many times fully financed, which can make it easier for individuals with limited funds for a down payment to qualify for a mortgage.

No Mortgage Insurance

VA loans do not require private mortgage insurance (PMI), which can save borrowers money on their monthly mortgage payment.

Lower Interest Rates

VA loans typically have lower interest rates than conventional loans, which can save borrowers thousands of dollars over the life of the loan.

Government Guarantee

The federal government guarantees a VA loan up to 25% of the loan amount. If you are unable to make monthly payments, you may be eligible for VA assistance.

I'm interested in a VA loan.

Get Started Find a Loan Originator

FAQs

Common questions regarding VA loans.

A VA loan is a type of mortgage loan that is backed by the Department of Veterans Affairs (VA). It is designed to help eligible veterans, active-duty military members, and certain surviving spouses purchase a home.

To be eligible for a VA loan, you must be a current or former member of the U.S. military, including the National Guard and Reserves, and meet certain service requirements. Surviving spouses of eligible service members may also be eligible for a VA loan.

No, VA loans do not require a down payment. However, borrowers will still be responsible for paying closing costs and other fees associated with the loan.

According to VA guidelines, the seller can pay up to 4% of the total loan amount to cover the buyer's closing costs, prepaid expenses, and discount points. For example, if the total loan amount is $200,000, the seller can contribute up to $8,000 towards the buyer's closing costs.