Loan program
VA Loans
Qualifying Veterans, service members, and surviving spouses have earned some powerful homeownership benefits.
- No down payment required
- No monthly mortgage insurance
- Credit score as low as 580
The VA home loan program was created by the 1944 GI Bill to help returning service members and their families buy homes. Today it's one of the strongest mortgage benefits available: a federally guaranteed loan with no down payment, no monthly mortgage insurance, and competitive rates.
Because the Department of Veterans Affairs guarantees a portion of the loan, lenders can offer terms that simply aren't available on other programs. If you've served, this is almost always the first option worth looking at.
VA loan benefits
100% financing
Buy with no down payment at all, which can mean getting into a home years sooner.
No private mortgage insurance
Even with zero down, VA loans don't carry monthly PMI. That alone can save hundreds a month.
No prepayment penalty
Pay the loan off early, refinance, or sell whenever you like without a penalty.
Easier qualifying and competitive rates
Underwriting is more flexible than conventional loans, and VA rates are consistently among the lowest available.
Seller-paid closing costs
Sellers are allowed to contribute toward your closing costs, and often do.
Wide range of eligible homes
Existing single-family homes, townhomes, VA-approved condos, new construction, manufactured homes, and refinances.
Who it’s a good fit for
- Veterans with at least 90 days of wartime service or 181 days of peacetime active duty (not dishonorably discharged)
- Members of the Reserves and National Guard who meet service requirements
- Surviving spouses of eligible Veterans, and spouses of service members missing in action or held as prisoners of war
Your Certificate of Eligibility
To apply, you'll need a Certificate of Eligibility (VA Form 26-1880) and proof of service. We can help you request it through the VA and keep the process moving while you shop for a home.
Common questions
Is there any cost to a VA loan?
Most borrowers pay a one-time VA funding fee, which can be financed into the loan. Veterans receiving VA disability compensation are typically exempt. There's no monthly mortgage insurance.
Can I use my VA benefit more than once?
Yes. VA loan entitlement can be restored after you sell and pay off a previous VA loan, and in many cases you can have more than one VA loan at a time. We'll check your remaining entitlement with you.
Do I need perfect credit?
No. The VA doesn't set a minimum score, and many lenders approve VA loans at 580 and above. We'll shop lenders to find the best terms for your credit profile.
Ready to explore a va loan?
Tell us a little about your plans and a local loan originator will compare your options across our lender network. It's free, and there's never any pressure.