A VA loan is a great option for military families who want to buy a home, and you don't need a down payment. Learn how a VA loan works and whether you're eligible.
VA loans ; What is a VA loan? · Who is eligible for a VA loan? · How do you apply for a VA loan? · Why choose a VA loan? · Bottom line
What Is a VA Loan? VA loans are for veterans, active duty servicemembers, and certain surviving spouses who are eligible to use a VA loan benefit. These home loans can be used to purchase a...
In this article: What is a VA loan? · What is a conventional loan? · Qualifying for a VA loan vs. conventional loan · FAQs
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. When you buy a house, you have many loan options to choose from. The most common is a conventional loan, but FHA loans are popular, too. If you or your spouse has served in the U.S. military, you may be eligible for another type of mortgage: the VA loan. These loans have unique benefits and can ...
Compare Current VA Mortgage Rates ; Peek At Current VA Loan Rates ; Confirm If You Qualify For A VA Loan ; Understand What Your Monthly Payment Would Be At Today’s Rates
A VA loan is a mortgage loan available through the U.S. Department of Veterans Affairs for service members, veterans, and their surviving spouses.
VA loans often require no down payment and have more flexible credit guidelines compared to conventional loans. ; The loans are available to service members, veterans, and some qualifying spouses, but a VA funding fee may apply. ; VA loans can be used for purchasing, refinancing, or repairing a home, with lenders offering a range of options tailored to military personnel.
If you’re trying to get a VA loan to buy a home, you might face VA loan limits. It depends on your history and eligibility.
A VA loan is a mortgage issued by a private lender and guaranteed by the U.S. Department of Veteran Affairs (VA).