You earned this benefit. We help you use it.
VA loans for eligible veterans, active-duty service members, and qualifying surviving spouses. Zero down payment, no PMI, competitive rates.
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Equal Housing Lender
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Veterans, active duty, qualifying spouses
Primary home, zero down payment
Is this loan right for you?
A VA loan is a mortgage benefit available to eligible veterans, active-duty service members, and qualifying surviving spouses. It is guaranteed by the U.S. Department of Veterans Affairs, which allows lenders to offer favorable terms including zero down payment and no private mortgage insurance. The VA does not lend money directly. Your loan officer works through an approved lender, and the VA guarantee reduces the lender's risk so you get better terms as a reward for your service.
- Direct access to your officer
- Veterans, active duty, qualifying spouses
- Primary home, zero down payment
- No private mortgage insurance
- Competitive rates, flexible qualifying
- Reuse benefit when entitlement restores
Key benefits.
No private mortgage insurance ever, saves hundreds per month compared to conventional with less than 20% down
Competitive interest rates often below conventional loan rates
Seller may contribute toward closing costs in some cases, which can reduce out-of-pocket cash at closing depending on the contract and lender guidelines
No prepayment penalty, pay off your loan early without fees
Can be used more than once as long as entitlement is available or restored
VA assistance available if you face payment difficulties, a protection not available on conventional loans
If you already have a VA-backed loan, a VA Streamline Refinance (VA IRRRL) may be an option later
Tradeoffs to understand.
- VA funding fee applies in most cases, typically between 1.25% and 3.3% of the loan amount depending on service history and prior use, though it can be financed into the loan
- Some veterans with service-connected disabilities rated at 10% or more are exempt from the funding fee
- Primary residence requirement, cannot be used for investment properties
- Property must meet VA minimum property requirements
- Certificate of Eligibility required before closing
- Occupancy required within 60 days of closing in most cases
Compare your options.
| Feature | VA | Conventional |
|---|---|---|
| Down payment | $0 in most cases | As low as 3% |
| PMI | None ever | Required under 20% equity |
| Funding fee | Yes most cases can be financed | None |
| Interest rates | Often below conventional | Market rate |
| Cash-out available | May access eligible equity if you qualify | Up to 80% of equity |
| Eligibility | Military service required | Open to all qualifying borrowers |
| Property types | Primary residence | Broad including investment |
| Best for | Eligible veterans and service members | Strong credit civilian buyers |
Down payment
- VA
- $0 in most cases
- Conventional
- As low as 3%
PMI
- VA
- None ever
- Conventional
- Required under 20% equity
Funding fee
- VA
- Yes most cases can be financed
- Conventional
- None
Interest rates
- VA
- Often below conventional
- Conventional
- Market rate
Cash-out available
- VA
- May access eligible equity if you qualify
- Conventional
- Up to 80% of equity
Eligibility
- VA
- Military service required
- Conventional
- Open to all qualifying borrowers
Property types
- VA
- Primary residence
- Conventional
- Broad including investment
Best for
- VA
- Eligible veterans and service members
- Conventional
- Strong credit civilian buyers
What happens next
If you sell your home, your VA entitlement restores and you can use the benefit again on your next purchase.
If you already have a VA-backed loan, a VA Streamline Refinance (VA IRRRL) may be worth comparing later — see the VA Streamline Refinance page for details.
A VA cash-out refinance is a separate path that may let eligible borrowers access equity depending on appraisal, eligibility, and lender guidelines.
If you want a second home, remaining entitlement may allow a second VA loan simultaneously. Ask your loan officer.
Keep exploring
Explore related paths
VA Streamline Refinance
Already have a VA-backed loan? A VA IRRRL may help you lower your rate or payment if you are eligible.
Read guide →All home loan options
Compare purchase programs and find the path that fits your situation.
Browse home loans →Loan type questions
Plain answers on how conventional, FHA, VA, and other programs compare.
Browse loan FAQ →Common questions, plain answers.
Eligible veterans, active-duty service members, National Guard members and reservists with qualifying service, and surviving spouses of veterans who died in service or from a service-connected disability. A Certificate of Eligibility confirms your status.
Questions about rates or payment?
Ready to use your VA benefit? Start here.
No credit pull to get started. We compare your options and explain the tradeoffs.
5.0 Google Rating
Verified borrower feedback on Google
NMLS #2620605
Equal Housing Lender
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