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VA loan

A benefit earned through military service: flexible guidelines, no monthly mortgage insurance, and often no down payment requirement.

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Foto: Thomson200 · CC0 · Wikimedia Commons

Nota: Página en español pendiente: esta página se publicará en español después de la revisión de un oficial de préstamo bilingüe. A continuación se muestra la versión en inglés.

Who it's for

Veterans, active-duty service members, National Guard and Reserve members, and some surviving spouses.

How it works

  1. The Department of Veterans Affairs guarantees part of the loan, so lenders can offer terms other programs can't.
  2. There is no monthly mortgage insurance. A one-time VA funding fee applies unless you're exempt (for example, some veterans with a service-connected disability).
  3. The home must be your primary residence and meet VA minimum property requirements.

What you'll need

  • Your Certificate of Eligibility (we can request it for you)
  • Income and credit documentation
  • DD-214 or statement of service

Common questions

Can I use my VA benefit more than once?

Yes. Entitlement can be restored after a VA loan is paid off, and in some cases you can have two VA loans at once.

Is there a VA loan limit?

Veterans with full entitlement have no VA-imposed loan limit; lenders still qualify you on income and credit.

Por diseño, esta página no muestra tasas, APR, pagos ni porcentajes de pago inicial. Esas cifras solo se publican con la divulgación completa exigida por la Regulación Z.

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