VA loans
If you served, you may have access to one of the strongest loan programs available to anyone. It is worth understanding properly rather than leaving it unused.
What the VA loan offers
- No down payment required for most eligible borrowers.
- No monthly mortgage insurance, which is a meaningful ongoing saving compared with FHA and low-down conventional loans.
- Qualifying standards that account for residual income rather than debt ratios alone.
- The benefit can be reused, and in some cases more than one VA loan can be open at once.
Who is eligible
Veterans, active duty service members, many National Guard and Reserve members, and eligible surviving spouses. Eligibility depends on length and character of service. We will help you request your Certificate of Eligibility, which is the document that confirms it.
The funding fee
Most VA loans carry a one-time funding fee, which can usually be financed into the loan. Borrowers receiving compensation for a service-connected disability are generally exempt. This is worth checking early, because it changes the numbers.
Using your entitlement well
Because there is no down payment requirement, some borrowers use the full benefit on a first purchase without considering what comes next. If you expect to move or buy again, it is worth a conversation about how much entitlement to use now and how much to preserve.