Potential for no down payment
VA says eligible borrowers can often purchase without a down payment when program requirements are met.
FOR ELIGIBLE VETERANS & SERVICE MEMBERS
VA Home Loans
VA-backed purchase loans can offer significant benefits to eligible Veterans, service members and certain surviving spouses.
Apply Now ↗No monthly PMI
VA-backed loans do not require private mortgage insurance, though a VA funding fee may apply unless an exemption applies.
Certificate of Eligibility
A COE helps establish eligibility for the VA home loan benefit; lender credit, income and occupancy standards also apply.
Primary residence
VA purchase financing generally requires the home to be used for occupancy as a primary residence.
Reusable benefit
Eligible borrowers may be able to use the VA home loan benefit more than once, subject to entitlement and qualification rules.