VA Loans
A benefit earned through service, with no down payment in most cases.
What are VA Loans?
VA loans are guaranteed by the U.S. Department of Veterans Affairs and offered to eligible veterans, active-duty service members, certain National Guard and Reserve members, and some surviving spouses.
They are one of the strongest mortgage benefits available, with competitive rates and no monthly mortgage insurance.
Benefits
- No down payment required in most cases
- No monthly private mortgage insurance
- Competitive interest rates
- Limits on certain closing costs
- No prepayment penalty
- Flexible credit guidelines
Requirements
- A Certificate of Eligibility (COE) from the VA
- The home must be your primary residence
- Sufficient income and acceptable credit
- A one-time VA funding fee, which may be waived for veterans receiving VA disability compensation
- The property must meet VA appraisal standards
Frequently asked questions
Do I need a down payment?
Usually not. Eligible borrowers can often finance 100% of the purchase price.
What is the VA funding fee?
A one-time fee that helps sustain the program. It can be financed into the loan and may be waived for some borrowers.
How do I get my Certificate of Eligibility?
We can help you request it from the VA during the application.
Can I use a VA loan more than once?
Yes. The benefit can be used again under certain conditions.
Programs, rates and eligibility are subject to change and to underwriting approval. This page is general information and not a commitment to lend.
Get pre-approved for a VA Loan today
Register through our secure online application and get your pre-approval or rate quote faster.