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.
The 20 millionth loan was guaranteed for a home in Woodbridge, Va., purchased by the surviving spouse of an Iraq War Veteran who died in 2010. [6][7] On June 22, 2019, the VA loan program...
who qualifies thanks to their cost-saving features. They'll be most helpful for those who need low upfront costs to make homeownership a reality. With a VA loan, you won't have to make a...
In 2020, limits were eliminated for current members of the military and veterans who have access to their full VA loan entitlement. However, loan limits still apply to borrowers who already...
VA loans vs. USDA loans ; What is a VA loan? · What is a USDA loan? · VA and USDA loan requirements · Best VA lenders · Best USDA lenders · Pros and cons of a VA loan · Pros and cons of a USDA loan
Dates of Service, Minimum Active-Duty Service Requirement ; Currently on active duty, 90 continuous days ; September 16, 1940 - July 25, 1947, 90 total days ; July 26, 1947 - June 26, 1950, 181 continuous days
VA loans generally have lower interest rates and are for active veterans and military personnels. Find and compare current VA mortgage rates today.
Key takeaways ; VA loans are mortgages guaranteed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty service members and surviving spouses. ; VA loans can be used to purchase or build a primary residence, refinance a current mortgage or cover renovation costs. ; VA loans offer several benefits, including no required down payment, no mortgage insurance and often competitive interest rates.
No down payment requirement · No private mortgage insurance requirement · No prepayment penalty · Limited closing costs
Find the top mortgages near you ; Get accurate quotes from both traditional and digital lenders ; Get custom mortgage quotes online in under 2 minutes ; No credit checks required to get quotes.