Purchase · VA Loans
VA loans: No Money Down For Those Who Served
A hard-earned benefit for veterans, active-duty service members, and eligible spouses — buy with no down payment, no monthly mortgage insurance, and competitive rates.
Overview
What is a VA loan?
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs. The VA's guarantee lets lenders offer some of the most favorable terms available — most notably no down payment and no monthly mortgage insurance. It's reserved for veterans, active-duty service members, members of the National Guard and Reserves, and certain surviving spouses.
Zero Down Payment Available
Eligible buyers can finance up to 100% of the home's value.
Mortgage Insurance Not Required
Skip the private mortgage insurance conventional low-down loans charge.
Competitive Rates
The VA guarantee helps secure low, competitive interest rates.
A Benefit You Can Use Again
Your VA entitlement can be restored and used again on a future home.
Eligibility
Is a VA Loan Right For You?
VA loans are limited to those who've served and certain family members. Here's what to know:
Service & eligibility
- Veterans, Active-Duty, Guard & Reserve Who Meet VA's Service Eligibility Requirements
- Eligible Surviving Spouses Of Service Members in Qualifying Circumstances
- Obtain a Certificate of Eligibility Obtained through the VA, Our Team Can Help With This
- Sufficient VA Entitlement Must be Available For Each Loan
Loan & property
- Primary Residence VA Loans Are For Owner Occupied Properties, Not Investments
- VA Appraisal Must Confirm Property Value and Minimum Property Condition
- No Set Minimum Credit Score VA loans are evaluated on both credit and income, aiming to be as inclusive as possible
- Multi-Family, Single Family, and Condos Allowed At Least One Unit of the Property Must be Owner Occupied
Loan Details
The Numbers at a Glance
Instead of monthly mortgage insurance, most VA loans include a one-time VA funding fee, which can be financed into the loan. The fee varies based on your down payment and whether you've used your benefit before, and it's waived for veterans receiving VA disability compensation and certain other borrowers.
FAQ
Common questions
Do I really need $0 down?
Eligible buyers with full entitlement can finance 100% of the purchase price, so no down payment is required. You can choose to put money down if you'd like to lower your payment or reduce the funding fee.
What is the VA funding fee?
It's a one-time fee that helps keep the VA loan program running in place of monthly mortgage insurance. It can be rolled into your loan amount, and it's waived entirely for veterans receiving VA disability compensation.
Can I use a VA loan more than once?
Yes. Your VA entitlement can be restored after you sell and pay off a VA loan, and in some cases you can have more than one at a time. We'll help you understand your remaining entitlement.
How do I prove eligibility?
You'll need a Certificate of Eligibility (COE) from the VA. Most borrowers can obtain it in minutes, and we can request it on your behalf as part of getting pre-qualified.
Get Started
Put Your VA Benefit to Work
Tell us a little about yourself and a loan officer will reach out — usually the same day.