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You are here: Home / Federal Programs / VA Loans

VA Loans (Veterans Affairs)

VA loans are not only for first time home buyers. Loans are issued to eligible Veterans, Reservists, National Guard members and qualified surviving spouses to help obtain, a home and/or to refinance their home loan. One of the many benefits to using a VA loan is it’s truly a zero down payment required program!

Benefits – VA Loans

  • Banks do not require you to buy private mortgage insurance since VA Loans are backed by the government.
  • The VA gives lenders are more flexible, which usually means more competitive rates than non-VA loans.
  • Banks assume less risk and have more simple qualification standards for VA Loans which make them easier to obtain.
  • Home purchase price can be up to $424,100 without putting any money down; however, with the 2017 VA Loan Limits, borrowers in high-cost counties may be able to purchase homes far exceeding that amount without a down payment.
  • Home-buyers are not required to reach any kind of income threshold to use their home loan benefits

Requirements – VA Loans

  • You may be eligible for a VA Home Loan if you meet one or more of the following conditions: You have served 90 consecutive days of active service during wartime, you have served 181 days of active service during peacetime, you have more than 6 years of service in the National Guard or Reserves, or you are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.
  • You have obtained your Certificate of Eligibility (COE)
  • Borrowers are expected to have stable, reliable income that will cover monthly expenses – including their new mortgage payment – but no minimum income required.
  • Lenders who finance your home purchase may have additional criteria for a potential borrower to satisfy, including debt, income and credit requirements.
  • You will need to pay a funding fee for the loan that is typically 2.15% of the purchase price of the home. For subsequent use of your VA Loan benefit, the fee is 3.3% – this fee can be rolled into your loan amount.
  • Veterans must not have been discharged under dishonorable conditions.

Get Started! Complete the form below to see if you qualify for this program.


Additional Federal Home Buyer Resources

FHA Loans
USDA Rural Programs
FHA 203K "Rehab" Loans
Native American Programs
VA Loans
Federal Tax Credit

  • Find Out What Programs You Might Qualify For:

  • Your Credit and Income

  • Other Details

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