What is it?
A VA loan is a home loan for people who served in the U.S. military — and their surviving spouses. The Department of Veterans Affairs backs it. It is one of the best loan options available to anyone who qualifies. No down payment. No private mortgage insurance.
Good fit when...
- Active duty military members
- Veterans of any branch of the U.S. military
- Surviving spouses of veterans
- Buyers who want to purchase with zero money down
- People who want to avoid paying mortgage insurance
- Borrowers who want competitive rates backed by the government
Probably not the right fit if...
- People who have not served in the military
- Buying an investment property or vacation home (must be your primary home)
- Buyers who have already used their full VA entitlement and not restored it
Not sure if this is the right loan for you?
Take the loan finder quiz or book a free call. I will look at your full picture and tell you exactly what makes sense.